Recent on-chain data suggests that $NEIRO (Neiro Ethereum) is currently in an accumulation phase, with several prominent whales showing interest in the token.

With a market cap still under $100 million, $NEIRO is attracting increasing attention, and its decentralization efforts may catch the eye of major exchanges like Binance.

Over the past week, Whale 0x6ab has accumulated 17.7 million $NEIRO at an average price of $0.086, indicating confidence in the token’s potential.

Similarly, Whale 0x9Ba bought 17.5 million $NEIRO on September 6 at $0.154. Although this whale has profited from $FET in the past, its performance with meme coins has been less successful.

Whales Continue Buying $NEIRO OVer Past Months

Whale 0xAB5 has steadily accumulated 6 million $NEIRO over the past month, dollar-cost averaging at $0.128. This whale has a history of profits, notably with $PEPE.

On the other hand, Whale 0x1ED purchased 8.6 million $NEIRO at $0.116 but has sold some holdings without realizing a profit. Now holding 5.6 million, this whale previously gained from $ETHFI, $SYN, and $PENDLE.

$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

Finally, market maker Wintermute maintains a significant holding of 52.97 million $NEIRO, valued at $4.97 million, representing 5.3% of the total supply. This continued interest from key players reflects a belief in $NEIRO’s future growth.

With the token showing signs of increased decentralization and whale accumulation, speculation is rising about a potential listing on Binance’s spot market. As interest in $NEIRO grows, it remains to be seen whether Binance will take the next step in recognizing the token’s rising influence.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service.

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