Neiro crypto leaps 1600% as Wintermute signs up with the wagon: What now?

Reporter

• NEIRO rallied over 1600% in the previous 30 trading days.
• NEIRO made it through Buterin’s dump and has actually now been accepted by Wintermute.

Among Ethereum’s [ETH] most popular and latest memecoin, Neiro [NEIRO]has actually been trending throughout social platforms.

On the 8th of August, NEIRO was trending 3rd after Bitcoin [BTC] and Ripple [XRP] on CoinMarketCap.

The dog-themed meme coin was up over 1600% and +30% on a regular monthly and weekly basis, respectively. It was among the couple of green tokens when most tokens withstood market carnage.

What’s the driver for the existing huge interest?

According to Whale Insider, crypto market marker Wintermute was supposedly the biggest holder of NEIRO.

“JUST IN: Leading market maker, Wintermute, is now the leading holder of Ethereum memecoin/”

Source: X

According to Arkham information, Wintermute held 15 million NEIRO tokens worth over $4 million at the time of composing.

One user hypothesized that due to the fact that Wintermute was associated with and behind dogwifhat’s [WIF] success, NEIRO’s market cap might increase from millions to a billion dollars.

‘The very same market makers that took $PEPE from $300m to multi-billions now greatest holders of $NEIRO’

The meme coin has actually been striking record highs in the previous 7 days, increasing from $0.0025 to $0.3 on Ethereum in between late July and the 7th of August.

According to Dextools information, the NEIRO market cap struck $236 million, based upon a press time worth of $0.24.

At the time of composing, the rally appeared to have actually cooled. If the retracement extends, then NEIRO might relieve towards $0.18 before considering a brand-new cost discovery towards $0.37.

Source: NEIRO/USD, DexTools

Surprisingly, the wild rally occurred simply a couple of days after Ethereum creator Vitalik Buterin discarded the meme coin. Buterin’s relocation saw NEIRO shed over 60% of its worth.

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