The Ethereum meme and microcap setup keep cranking out stellar performers to the tune of $NEIRO. In the last four days, not only has the project shot up 55% in price, but it seems to be attracting whale attention.
Some very serious players in the space look like they are buying up significant amounts of $NEIRO. The meteoric price moves seem to have come out of nowhere, but there are a couple of reasons behind the uptick.
Recent on-chain analysis has found that four wallets, believed to be connected to a single entity, have withdrawn 241.71 million $NEIRO from major centralized exchanges Gate.io and Bybit. That colossal amount, currently worth $23.82 million, represents approximately 24.2% of the token’s total circulating supply. As a result, these addresses are now ranked as among the largest non-exchange holders of NEIRO, occupying the 1st, 3rd, 4th, and 7th positions respectively.
Whales are still accumulating $NEIRO (@NeiroOnEthereum).
Over the past 4 days, four wallets—likely linked to one entity—have withdrawn 241.71M $NEIRO ($23.82M) from #Gateio and #Bybit, totaling 24.2% of the supply.
They now rank as the 1st, 3rd, 4th, and 7th largest non-CEX… https://t.co/l80fPFU4Q7 pic.twitter.com/RNxpSsoTy7
— Spot On Chain (@spotonchain) May 13, 2025
These transactions, both in size and in how they are put together, have so far been drawing attention from the wider crypto community and raising all sorts of questions—and, frankly, some excitement—about what they might be leading up to.
Whale Accumulation Points to Strong Conviction
Withdrawing construction amounts to telling signs of investor conviction. Generally, when we see large-scale amounts moving from the CEXs to private wallets—especially by guys and gals we mostly consider as whales—we can infer with a fair amount of confidence that those individuals are not only buying but also planning to hold whatever they just bought for the long term.
WHAT IT MEANS FOR NEIRO:
This is in contrast to behavior we would consider more short-term trading. When you add in the fact that said price action seems to also be in the process of eliciting some rather significant bullish momentum, it all amounts to one rather tasty price sandwich.
This accumulation indicates a strong confidence in NEIRO’s future performance and could signal that insider investors or early backers are increasing their exposure ahead of potential catalysts. Whether these whales are acting on fundamentals, market momentum, or insider information remains speculative—but the buys’ size and timing say they expect appreciable gains.
Furthermore, being the largest non-CEX holders of the tokens now allows them to wield considerable influence over the tokens’ liquidity and potential supply shock when more retail buyers come into the market.
Market Cap Breaks $260 Million Amid Bullish Breakout
Although a thrilling story can be told about the movement of whales, the actual data from the markets is even more impressive. NEIRO’s price has recently shot up above $0.00062—not that long ago, it was trading far down below that. In fact, just yesterday, it went up 55%, and we know that market caps move with prices, so it stands to reason that NEIRO’s 24-hour market cap is now above $260 million.
This rapid increase in valuation is also occurring alongside a more general market sentiment that is getting increasingly positive, especially in regard to low-cap and mid-cap assets that are backed by strong communities or evidence of some sort of coordinated support. NEIRO seems to be benefiting from both of these trends—meme token virality and smart money accumulation.
Besides price appreciation, there are signs of increasing liquidity and volume for the token, indicating this isn’t just a flash pump. Momentum is building organically on both centralized and decentralized exchanges, aided by social media buzz and a growing awareness among investors.
What’s Driving the NEIRO Momentum?
NEIRO is on the rise. The token is part of a larger wave of Ethereum-based assets gaining traction amid heightened on-chain activity and reinvigorated enthusiasm for altcoins. Traders and analysts have pointed to a range of factors behind NEIRO’s upward trends. Its meme-factor, low supply, and go-for-broke branding are mentioned in this context.
The accumulation of whales adds an impressive level of credibility—or, at the very least, curiosity—to the NEIRO token’s recent surge. When it comes to the smart part of the crypto ecosystem, the NEIRO token is on their radar now, and it seems chill for investors to watch and see if this is a sustainable rally.
Should these major investors keep their stakes and the NEIRO community continue to expand, the project could soon find itself competing for much loftier tiers of market capitalization. Its price now sits fairly solidly above recent resistance levels, leading technical analysts to suggest that the next leg up could come swiftly if the project’s price intact momentum remains.
As always, it is recommended that investors exercise caution in fast-moving markets. However, the signals around NEIRO are nearly impossible to overlook. Whale accumulation? Check. Soaring price action? Double check. An increasingly appealing narrative surrounding it? Yes, siree; that too. With all that going for it, the Ethereum-based token has become a veritable magnet for speculative capital and, possibly, one of the key meme plays of the current cycle.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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