The crypto market is in turmoil. A massive sell-off has sent shockwaves through the industry, with meme coins bearing the brunt of the decline, plunging over 20% in the past 24 hours. The Neiro meme coin, a new player in the busy world of meme-based cryptocurrencies, recently made headlines due to a significant sell-off by Ethereum co-founder Vitalik Buterin, resulting in a 60% drop in Neiro’s value.
Here’s all we know.
Neiro had made a splash by transferring 4% of its total supply to Vitalik Buterin
Neiro’s price fell from $0.022 to $0.013 after the sale, briefly rose to $0.015, and then dropped further to $0.011. The token, which had seen impressive growth and hit a peak of $0.19 on August 1 with a market cap close to $116 million, is now struggling with volatility.
After the sell-off, the Neiro team posted on X, asking Vitalik Buterin to donate some of the proceeds to a shelter for stray dogs.
Neiro had set aside a reserve of tokens to fund future listings on centralized exchanges and support charitable causes, including shelters for stray dogs and other organizations fighting animal abuse. Despite the recent setbacks, Neiro remains dedicated to its mission and philanthropic efforts.
Also Check Out: Worst Crypto Crash Since 2022 Has Begun: Understanding What Is Happening
What do you think? Is this the end for Neiro, or will it make a comeback? Share your thoughts.
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