NEIRO, known as Memecoin, broke a new price record by registering a massive 50% increase in value in the last 24 hours. Currently, NEIRO is trading at $0.001446 and this rise has started a meme fest in the market again.
Whale Activity Behind NEIRO Price Rise
NEIRO’s recent price rise occurred following strong whale activity and large purchases from the rektdolphin.eth wallet. This whale purchased 1.466 billion NEIRO coins by exchanging a total of 190.5 billion PEPE coins and 6 ETH. According to data from SpotonChain, this investment represents the purchase of approximately $1.8 million worth of NEIRO coins, and the whale has made a profit of $334 thousand with the current price increase.
According to SpotonChain, rektdolphin.eth is leading NEIRO acquisitions and its investment brought in 20 percent acres.
Memecoin Market Revitalized
The increase in NEIRO’s whale activities has increased NEIRO’s price by up to 3 thousand percent on the monthly chart since mid-September. Daily transaction volume increased by 287 percent and reached 4.70 million dollars. This development triggered a widespread rally in the memecoin sector. dogecoin 
$0.109131 While Shiba Inu gained 5 percent in value and 7 percent in value, other memecoins also increased in value between 12-20 percent.
NEIRO’s Potential and Goals
Positioned as the successor of Dogecoin, NEIRO, Ethereum 
$2,423 It is developed on blockchain and aims to create a fun and interactive ecosystem for users. It also stands out for its focus on charitable projects that support animal welfare. The project started to attract widespread attention from the community and gained momentum in the crypto space.
Other Highlights of the Sector
Last week, Vitalik Buterin traded 70.72 NEIRO memecoins for ETH and donated the proceeds to the release of Tornado Cash developers. On the other hand, the NEIRO version on Ethereum has also increased by 12 percent in the last 24 hours, but its market cap is only one tenth of the larger NEIRO token.
Whale activity and increasing demand strengthen NEIRO’s potential to become a major player in the meme coin market. The project’s sustainability and community support may be decisive for its future performance.
NEIRO’s success story contributes to the renewed interest of other meme coins in the market and offers various opportunities for investors. Market activity and strong technical indicators indicate that NEIRO and other meme coins may experience significant value increases in the short term.
The combination of whale activities and community support can be considered a positive sign for NEIRO’s future success. Investors continue to closely monitor these dynamic market conditions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
