When we examine the cryptocurrency onchain data, we see that some fresh altcoin whales have accumulated a memecoin on the Ethereum network.
According to data, fresh crypto whales are accumulating NEIRO.
It is observed that the recently created cryptocurrency wallet 0xec6b purchased 8.23 million NEIRO via OKX by paying 230.4 ETH. This corresponds to $575 thousand at the time of writing.
Additionally, a second crypto whale, 0xd753, was created recently and this time withdrew 5.41 million NEIRO worth $453,000 via Gateio, another crypto exchange.
In addition, another wallet with the short address 0xe9f, which is not a fresh crypto whale, bought $570,000 worth of NEIRO at an average price of $0.084 by paying $570,000 when the NEIRO price bottomed a week ago. According to the prices at the time of writing this article, this whale currently has a total of 15.21 million NEIRO worth $1.61 million. With the whale's additional purchases, the cost level of this altcoin is approximately $0.1.
NEIRO is currently trading at $0.088 and had climbed to $0.113 during the day.
It should also be kept in mind that the memecoin world is extremely volatile and risky, and the vast majority of users who trade memecoins lose money.
*This is not investment advice.