Neiro Cuts Ties with Gotbit Amid Controversy

The team behind Neiro memecoin has officially ended its partnership with market maker Gotbit, distancing itself from the company following recent developments. šŸš€ Neiro's value skyrocketed after its Binance listing in September, catapulting it into the top 100 cryptocurrencies with a market cap surpassing $680 million.

Gotbit previously announced that it had been providing strategic consulting and networking services to Neiro since the tokenā€™s launch, helping establish valuable connections with key exchanges and stakeholders. However, the Neiro team has now chosen to sever ties with Gotbit, stating on X (formerly Twitter)ā€”a platform restricted in Russiaā€”that this decision was in the best interest of the projectā€™s future.

The breakup comes after the recent arrest of Gotbitā€™s head, Alexey Andryunin, in Portugal. Andryunin and his company are facing serious allegations of market manipulation and crypto-related fraud from the U.S. authorities. Concerned about the potential fallout, the Neiro team believes continuing their association with Gotbit could harm the token's reputation and lead to a decline in market capitalization.

In their statement, the developers made it clear that the decision is purely strategic, emphasizing: ā€œItā€™s nothing personal, just business.ā€ With this move, Neiro aims to protect its standing in the market and maintain trust with its growing community.

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