Amid confusion in the cryptocurrency market, it appears that crypto whales found the next Pepe (PEPE), with the potential to soar 100% in the coming days. On October 11, 2024, the blockchain-based transactions tracker Lookonchain made a post on X (previously Twitter) that the founder of a trading firm has acquired a massive 0.4% circulating supply of Neiro Ethereum (NEIRO) meme coin.
In addition to this massive acquisition, one of the founder’s wallets withdrew a notable 4.06 million NEIRO meme coins worth $314K from the crypto exchanges Bybit 13 hours ago. Following this acquisition, the founder shared a comment “NEIRO will be the next PEPE.”
Apart from this recent acquisition, other crypto giants like WIntermute, GSRMarkets, and AurosGlobal have recently acquired a significant NEIRO meme coin. According to data, Wintermute holds 42.63M NEIRO worth $3.27 million, GSRMarket holds 15M NEIRO worth $1 million, and AurosGlobal holds 2.6M worth $200K.
This massive accumulation by crypto whales in recent days suggests that there is something that is attracting crypto whales toward this recently launched NEIRO meme coin.
According to expert technical analysis, NEIRO appears bullish and is currently at a crucial resistance level of $0.10 level. In the past few days, the meme coin has attempted multiple times to break this resistance but has failed. However, with the bullish market sentiment, there is a strong possibility that MEIRO could overcome this hurdle.
Based on recent price momentum, If NEIRO breaks and closes a daily candle above the $0.106 level, there is a high possibility it could soar by another 45% to reach the $0.15 level in the coming days.
At press time, NERIO is trading near the $0.090 level and has experienced a significant price surge of over 50% in the past 24 hours. During the same period, participation from traders and investors skyrocketed, leading to a 340% jump in trading volume.
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