According to a post by blockchain analysis platform Spot On Chain, whales are accumulating NEIRO intensively.

According to X sharing, data shows that Neiro Ethereum (NEIRO) is currently in an accumulation phase.

Accordingly, a whale (0x6ab) accumulated 17.7M NEIRO in the last 7 days at an average price of $0.086.

Whale 0x9Ba bought 17.5M NEIRO at $0.154 on September 6. While this whale is profitable in FET investments, he is not doing well in memecoin investments.

Whale 0xAB5 also bought 6M NEIRO, while whale 0x1ED bought 8.6M NEIRO at $0.116. He sold some of it without making a profit and still holds 5.6M. This whale has previously made significant profits from ETHFI, SYN, and PENDLE.

Finally, market maker Wintermute has also purchased a significant amount of NEIRO, holding a significant amount of 52.97 million NEIRO (worth $4.97 million), representing approximately 5.3% of the total supply.

Spot on Chain recently questioned whether Binance would consider listing NEIRO on spot trading, noting that NEIRO’s market cap is still below $100 million and that there have been signs of increasing decentralization in recent weeks.

$NEIRO (Neiro Ethereum) seems to be in an accumulation phase according to our latest on-chain data:

1/ Whale 0x6ab accumulated 17.7M $NEIRO in the last 7 days at an average price of $0.086.

2/ Whale 0x9Ba bought 17.5M $NEIRO on Sept 6 at $0.154. While profitable with $FET, this… pic.twitter.com/z1b5pM6NSo

— Spot On Chain (@spotonchain) September 27, 2024

*This is not investment advice.