Neiro Ethereum

<p>The meme coin Neiro (NEIRO) has experienced a remarkable 110% surge despite Ethereum co-founder Vitalik Buterin selling his entire holding. After a brief price dip, Neiro&#39;s value rebounded significantly, achieving a substantial rise within the past 24 hours. The coin&#39;s launch in July, following the announcement of a new pet named Neiro, generated significant community interest and enthusiasm, leading to the creation of several meme coins bearing the Neiro name across various blockchains.</p><h3 id="neiro-on-ethereum-defies-market-trends">Neiro on Ethereum Defies Market Trends</h3><p>Unlike many meme coins that see short-lived spikes, Neiro on the Ethereum blockchain has sustained its momentum, quickly establishing a market capitalization of approximately $11 million and attracting over 3,340 holders. This performance stands in stark contrast to the broader meme coin market, which has seen a 23.2% decline. Vitalik Buterin’s decision to sell all 17.15 billion Neiro tokens for about $119,000 (44.42 ETH) initially caused a 60% price drop, but this decline was short-lived. The Neiro team reached out to Buterin, asking him to donate part of his earnings to a stray dog shelter, acknowledging his role in building the crypto ecosystem.</p><h3 id="conclusion">Conclusion</h3><p>Neiro&#39;s resilience amid market volatility is noteworthy, especially given the broader crypto market&#39;s significant corrections. While major cryptocurrencies like Bitcoin fell below $50,000 and other meme coins like Dogecoin and Shiba Inu dropped over 20%, Neiro managed to defy the bearish trend and maintain its upward trajectory. This highlights the strong community support and unique appeal of Neiro in the meme coin segment</p>

Neiro Meme Coin Soars 110% Despite Vitalik Buterin’s Sell-Off

Table of Contents

DroomDroom

Other articles published on Aug 5, 2024

XRP has drops over 33% over the past week and 20% in the last 24 hours

Will Dogecoin, Shiba Inu, Pepe Continue The 'Memecoin Supercycle' Despite The Crypto Crash? 'Just...

TRON’s Justin Sun: $110M USDT Move Explained

WazirX $230M Hack Fallout: Investors Demand Transparency

Grayscale, BlackRock, Fidelity Show Resilience in Crypto Market Crash

Terra Blockchain Faces Security Exploit; $6.8M Worth of Tokens Impacted

Join our free newsletter for daily crypto updates!