James Richardson
NEIRO, a meme coin hailed as the successor to Dogecoin, has experienced an impressive 50% surge in the last 24 hours. This price increase has reignited excitement within the meme coin market, with NEIRO now trading at an all-time high of approximately $0.001446. The surge in NEIROโs value is largely attributed to significant whale activity.
The recent price spike for NEIRO followed the accumulation of coins by a major whale known as rektdolphin.eth. This whale swapped a total of 190.5 billion PEPE coins and 6 ETH, resulting in the acquisition of 1.466 billion NEIRO tokens, worth around $1.8 million. According to data from SpotonChain, the whale has already gained a 20% profit, amounting to $334,000, as a result of this price increase.
Between August 15 and September 26, the same whale executed three separate NEIRO trades, resulting in a total profit of $824,000 with a win rate of 66.7%. Meanwhile, another version of NEIRO on the Ethereum blockchain has also seen a 12% increase in the past 24 hours, although its market capitalization is only one-tenth that of the larger NEIRO token.
Meme Coin Market Revival
The whale-driven activity in NEIRO has sparked a broader rally in the meme coin sector. NEIRO’s price has surged by 3,000% over the past month, while its daily trading volume has jumped 287%, reaching 4.7 billion. This rally has positively impacted other popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which are up 5% and 7%, respectively. Lesser-known meme coins like Dogwifhat (WIF), Pepe Coin (PEPE), and BONK have also seen gains of 12-20%. Technical indicators suggest that PEPE could experience a further 50% rally during October.
After a period of consolidation in Q3, the meme coin market is regaining momentum. Top meme coins are once again in demand, and NEIRO has positioned itself as a rising player within this sector.
NEIRO: The Successor to Dogecoin
NEIRO is a dog-themed meme coin built on the Ethereum blockchain. It aims to create a fun and engaging ecosystem for users while maintaining a focus on charitable causes, particularly in animal welfare. The project has gained significant traction within the cryptocurrency community, especially as it continues to receive attention for its strong growth and charitable initiatives.
With the recent surge in price and trading volume, it remains to be seen whether NEIRO will solidify itself as the next major meme coin in the market.
