The reason for the rise in the meme coin called “Neiro on Eth”, which has gained more than 50% in the last 24 hours, has become clear. A trader named Vida stated that he bought 0.4% of the supply in this meme coin.
“On the way to becoming a community token…”
Vida, who stated that Neiro (on ETH) differs from other meme tokens of the same name in some ways, used the following statements:
“I bought 0.4% of the supply of Neiro on Eth. I saw the potential for growth in this token. It currently has a market value of $73 million on Binance futures and other exchanges. It is the lowest valued meme coin in the Binance futures market… When Binance listed the other Neiro on spot markets, the team sold most of the tokens in this meme coin. Therefore, it can turn into a coin controlled by the community like PEPE. I believe it will be the new PEPE. The other Neiro has a market value of $600 million… The smaller one has a much higher chance of going up.”
Binance confused everyone
As you may recall, the Binance exchange also made a much-discussed listing and received serious criticism for it. The exchange initially listed a meme coin called Neiro on Eth on the futures market, which was perceived as a sign for a spot listing.
However, Binance later threw the crypto community into a tailspin and listed another meme coin called Neiro, which was issued on Ethereum. However, the exchange continued to keep the other meme coin on the futures market.