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Home»ALTCOIN NEWS»Early Shiba Crypto investor loses $1.5 million on NEIRO swap
ALTCOIN NEWS

Early Shiba Crypto investor loses $1.5 million on NEIRO swap

By Crypto FlexsOctober 8, 20243 Mins Read
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Early Shiba Crypto investor loses .5 million on NEIRO swap
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  • Neiro CTO hits a new all-time high after growing 16,000% in two months.
  • Seasoned Shiba Crypto Whale Trades Neiro On ETH for Neiro CTO.
  • New speculative interest has catapulted Neiro CTO to unprecedented heights.

Early investors who made $145 million in SHIB in 2021-2022 are now caught up in a new memetic upheaval.

Neiro Crypto Confusion Hits OG Trader

Following last weekend’s meme rally, several dog-themed coins have hit all-time highs, including First Neiro On Ethereum (NEIRO). However, the unfortunate investor had previously purchased Neiro On Ethereum (NEIRO), another dog-themed cryptocurrency with the same ticker. This NEIRO is down 35% in the last two weeks, missing the jackpot.

The investor suffered a large loss when he decided to sell his Neiro On Ethereum stash for $1.22 million on October 8, 2024. Whale, which suffered a 55% loss of $1.5 million, held the less successful Neiro for a month, losing 58%. Monthly deficit.

Here’s where other NEIROs appear:

After selling tokens, investors added 841.6 million tokens to their stash, emulating rising CTO Neiro. They currently hold a total of 3.845 billion Neiro CTO tokens worth $6.61 million. If the holder decides to sell now, he or she will make a profit of $2.69 million on this transaction.

Ethereum’s First Neiro reached a new all-time high price on October 7, 2024. Also known as Neiro CTO, its price reached $0.001859, down 6.9% from the subsequent milestone. It is also worth noting that Neiro CTO holds the same total supply PEPE at 420.69T tokens.

Since being listed on Binance, the winning Neiro token has been affordable to early investors. Mac, a seasoned cryptocurrency analyst, estimates that if he had invested $1 million before Binance’s surprise listing, he would have made $4.3 million in profits so far.

In contrast, Neiro On ETH has only 1 billion coins in circulation, making this version of NEIRO much scarcer despite the price plunge. At the current price of $0.62, Neiro On ETH has a much lower trading volume than other Neiros. According to the latest CoinGecko data, Neiro On ETH is trading below $30 million, while Neiro CTO has a daily trading volume of over $1 billion.

On the flipside

  • NEIRO, known as Neiro CTO cryptocurrency, is currently the most demanded meme coin in derivatives.
  • With trading volume approaching $4 billion in the last 24 hours, Neiro’s open interest, or open leverage plays, also surged 25%.

Why This Matters

Making profitable investment decisions in rapidly changing market dynamics requires good timing. Meme coins offer greater returns, but rapid price fluctuations make the asset class a riskier investment than traditional large-cap altcoins.

Check out DailyCoin’s popular cryptocurrency stories:
Is Ansem practicing ‘pump and dump’? The fiery situation of cryptocurrency influencers
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