NEIRO explodes 50% in 24h : What’s fueling the hype ?

NEIRO, the "First Neiro on Ethereum" memecoin, has surged by 50% in just 24 hours. What factors are driving this remarkable increase in NEIRO's value?

Written by Gaston Cuny

Translated on May 9, 2025 at 17:48 by Sarah

Copié

The Return of Whales in the NEIRO Market

According to analyses by AMBCrypto, the influx of buyers, both institutional and individual, is behind the surge in NEIRO prices.

Indeed, NEIRO whales have reentered the market, thus withdrawing 32.53 million tokens (3.25% of the total supply) from the Gate.io and Bybit platforms. This movement has propelled them to the position of the third-largest non-CEX holder.

The appetite of whales for NEIRO reflects their confidence in the bullish potential of the token, anticipating a continuation of the price rally.

Explosion in Demand from Retail Investors

But this surge in interest is not limited to institutional investors alone. Buying activity in the spot market has also seen a dramatic increase. Hence, NEIRO’s spot buying/selling volumes reported massive demand, with buyers accumulating 62.13 billion tokens, while sellers only disposed of “just” 58 billion.

This positive delta of 4 billion tokens clearly indicates the dominance of buyers in the market. The positive divergence between the price and the activity of active NEIRO addresses (DAA) suggests that the underlying demand now exceeds its current price level.

Therefore, if this bullish trend continues, NEIRO could reach $0.000386. However, in case of demand exhaustion, a correction towards $0.000267 cannot be ruled out. Investors should closely monitor the upcoming developments of this memecoin, which appears promising in the current crypto landscape.

Buy hundreds of altcoins on Bitget !

Gaston Cuny

Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.