Fresh Crypto Whales Focused on a New Altcoin, Onchain Data Reveals: Accumulation Over the Past Few Days
According to onchain data, it seems that a new altcoin has caught the attention of fresh crypto whales.
Upon analyzing the cryptocurrency onchain data, it becomes evident that these whales are accumulating NEIRO, a memecoin on the Ethereum network.
Data shows that a recently created cryptocurrency wallet, 0xec6b, has purchased 8.23 million NEIRO through OKX, paying 230.4 ETH, which is equivalent to $575,000 at the time of writing.
Another crypto whale, 0xd753, has also surfaced recently and withdrew 5.41 million NEIRO worth $453,000 via Gateio, another crypto exchange.
Additionally, a wallet with the short address 0xe9f, although not a fresh crypto whale, bought $570,000 worth of NEIRO at an average price of $0.084 when the NEIRO price hit a low point a week ago. As of now, this whale holds a total of 15.21 million NEIRO valued at $1.61 million. The cost level of this altcoin is approximately $0.1, considering the whale’s additional purchases.
At present, NEIRO is trading at $0.088 and reached a high of $0.113 during the day.
It is important to note that the memecoin market is highly volatile and risky, with a majority of users losing money in memecoin trading.
*This article does not serve as investment advice.
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