Neiro Ethereum Soars 45% Despite Vitalik Buterin’s Massive Sell-Off

The cryptocurrency market is bouncing back after a massive crash, and one coin is making headlines like no other. Neiro Ethereum (NEIRO), a fresh face on the crypto scene, has ignited a frenzy among investors with its dramatic rise.

This meme coin has not only survived the market crash but has thrived, leaving many wondering if it’s the next big thing.

Should you invest?

Understanding the NEIRO Hype

On August 6, 2024, NEIRO saw a dramatic price increase of over 45%, now trading near $0.224. The coin also reached a new all-time high, making it a trending topic on CoinMarketCap.

NEIRO’s trading volume surged by 10% in the same period, signaling heightened activity from investors and traders. This surge has propelled NEIRO’s market cap to $222 million, surpassing the significant $200 million milestone according to CoinMarketCap data.

Vitalik Buterin’s MASSIVE Sell-Off

Yesterday, during the market crash, Ethereum co-founder Vitalik Buterin sold his entire 17.1 billion NEIRO holdings for 44.4 Ethereum (ETH) as shared by Wu blockchain. Following the sell-off, NEIRO initially plunged by 60% but later skyrocketed. 

Community Reactions

Vitalik, who held over 4% of the total circulating supply, was NEIRO’s largest token holder. Following his sell-off, NEIRO’s CTO posted on X (formerly Twitter), asking Vitalik to donate some of the proceeds to a stray dog shelter.

The disclosure of Vitalik’s significant holdings by the NEIRO CTO has added to the drama.

Meanwhile, the proliferation of various Neiro tokens on the internet is causing confusion among traders and investors, potentially leading to major issues if not addressed by the community.

Market Overview: Where Should You Put Your Money?

Besides NEIRO, other major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are also experiencing notable gains. In the last 24 hours, BTC, ETH, and SOL have surged by over 5%, 7%, and 17%, respectively.

The cryptocurrency market’s recovery is providing exciting opportunities for investors, with NEIRO’s remarkable performance capturing significant attention.

The crypto world is buzzing about NEIRO. Are you ready to jump in?