According to Onchain data, a cryptocurrency whale, previously known for making high profits on memecoins, began accumulating a new memecoin in his latest transactions.
According to the data, the whale in question purchased Neiro Ethereum (NEIRO) for the first time.
The whale with the short address 0x944 collected 8.02 million NEIRO tokens worth $782,740 thousand via cryptocurrency exchange Bitget. The NEIRO price has increased by 17% in the last 24 hours.
Interestingly, the same whale had previously profited from memecoins like WOJAK and TURBO.
On the other hand, it is important to remember that memecoins are highly volatile assets and that previous gains do not guarantee future gains. Especially in new memecoins, the majority of cryptocurrency users are losing money.
There are a lot of NEIRO tokens on the market, and the altcoin this whale is trading currently has a market cap of $91 million. However, it is only traded on major cryptocurrency exchanges such as Bybit, Kucoin, and Gateio.
*This is not investment advice.
