Based

Turbo

Olympic

Meme Games

Divergence

The Neiro price plummeted 46% in the last 24 hours to trade for $0.01743 as of 09:30 a.m. EST.
The NEIRO token’s dump comes amid controversy over insider buying, with reports that the project’s developer made up to 5,169X profit. On-chain detective Lookonchain reported that the developer initially invested 3 SOL worth $552 to purchase 97.5 million Neiro tokens.
The developer then sold 68 million Neiro tokens for 15,511 SOL, equivalent to approximately $2.85 million. This happened on multiple wallets, achieving a realized profit of 15,508 SOL ($2.85 million), representing a gain of 5,169 times the initial investment.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The dev of <a href="https://twitter.com/search?q=%24Neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Neiro</a> has made 15,508 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($2.85M) with only 3 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($552), a gain of 5,169x!😱
 He spent 3 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($552) to buy 97.5M <a href="https://twitter.com/search?q=%24Neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Neiro</a> when deploying <a href="https://twitter.com/search?q=%24Neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Neiro</a>.
 Then he sold 68M <a href="https://twitter.com/search?q=%24Neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Neiro</a> for 15,511 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($2.85M) through multiple wallets, with a realized profit of 15,508 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>($2.85M).… <a href="https://t.co/0PBP6gpJ0e" rel="noopener noreferrer nofollow">pic.twitter.com/0PBP6gpJ0e</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1817416920351834593?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The profit is controversial amid speculation of a possible rug pull, or exit scam. Such events involve project insiders quietly selling a large chunk of their token allocation and exiting the project.
Besides the remarkable profit, there is also identity controversy around the Neiro token. Based on CoinGecko data, there is one with a <a href="https://www.coingecko.com/en/coins/neiro-2" target="_blank" rel="noopener noreferrer nofollow">market capitalization of $17.38 million</a> at press time that recorded a 46% price drop. The other is up 63% with a <a href="https://www.coingecko.com/en/coins/neiro-2" target="_blank" rel="noopener noreferrer nofollow">market capitalization of $55.71 million</a>.
Traders looking to make future bets are now in disarray, not knowing which way to go. This confusion is worsened by rumors of what appears to be a brewing exit scam.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Id love to ape <a href="https://twitter.com/search?q=%24neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$neiro</a> but i legit dont know which one is the right one
 — emocoin (@emotrades_) <a href="https://twitter.com/emotrades_/status/1817637090408222819?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Other analysts have also investigated the developer.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The <a href="https://twitter.com/search?q=%24Neiro&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$Neiro</a> dev made $6M with a memecoin; it was not hard. Nor luck.
 In this video, you will see: – His past launches – The tools used for that specific launch – Another coin launched with the same tool (got it live) <a href="https://t.co/Q6vchfc4Vx" rel="noopener noreferrer nofollow">pic.twitter.com/Q6vchfc4Vx</a>
 — Antoine Rousseaux (@AntoineRSX) <a href="https://twitter.com/AntoineRSX/status/1817919422453174478?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="neiro-price-prediction">NEIRO Price Prediction</h2>
The NEIRO/USD trading pair is trading with a bearish bias in the one-hour timeframe. It is consolidating within a descending triangle pattern, which is typically a bearish continuation pattern. The price has been making lower highs, forming the upper trendline, while the lower trendline acts as a support level.
Based on the histogram nodes, volume has been decreasing as the price approaches the top of the triangle. Traders must wait for a breakout accompanied by an increase in volume, as this would confirm the direction of the breakout.
Meanwhile, the Relative Strength Index (RSI) is around 50, signifying neutrality. This indicates that there is no clear momentum in either direction, and the market could move either way. It highlights the need for investors to await a breakout.
The Moving Average Convergence Divergence (MACD) is below the signal line, which is generally a bearish sign. However, the histogram shows decreasing negative momentum, indicating that the bearish momentum may be weakening.
If the Neiro price breaks below the lower trendline of the descending triangle with strong volume, it could indicate a bearish continuation. In this case, the price might move toward the next support level, around $0.010 or lower.
<a href="https://insidebitcoins.com/wp-content/uploads/2024/07/NEI.png" rel="noopener noreferrer nofollow"><img decoding="async" class="aligncenter wp-image-558322 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/07/NEI.png" alt="Neiro price" width="1366" height="765" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/NEI.png 1366w, https://insidebitcoins.com/wp-content/uploads/2024/07/NEI-300x168.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/NEI-1024x573.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/NEI-768x430.png 768w" sizes="(max-width: 1366px) 100vw, 1366px"></a>
<a href="https://www.geckoterminal.com/solana/pools/HvAqakZgurMR2br1eGWPU6EeFcxzmeW8n6Mn7ejEf3DV" target="_blank" rel="noopener noreferrer nofollow">NEIRO/USD 1-hour chart</a>
Conversely, if the price breaks above the upper trendline of the descending triangle with strong volume, it could invalidate the bearish pattern and indicate a bullish reversal. In this scenario, the price might move towards the next resistance level around $0.030 or higher.
Meanwhile, as the Neiro price fills up a descending triangle, crypto expert Jacob Bury on YouTub says The Meme Games (MGMES) presale could explode 10X after its launch. It has already garnered over $293K in funds raised.
<iframe title="The Next 10X Meme Coin... The Meme Games PRESALE?! (Best Crypto to Buy Now?!)" width="640" height="360" src="https://www.youtube.com/embed/XSe4iGYkJ3o?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 id="promising-alternative-to-neiro">Promising Alternative To NEIRO</h2>
<a href="https://insidebitcoins.com/visit/thememegames" target="_blank" rel="noopener noreferrer nofollow">The Meme Games</a> project is an exhilarating fusion of the Olympic Games’ competitive spirit and the active, fun-filled meme coin culture.
MGMES&nbsp;is a gamified meme token comprising popular crypto meme coin characters who reward presale buyers with bonuses for winning events. The project aims to capitalize on the hype surrounding the ongoing Olympic Games in Paris.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🌺 <a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BRETT</a> was honoured to be chosen to be the star of the Olympic opening ceremony! ⭐️<a href="https://twitter.com/hashtag/Olympics?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Olympics</a> <a href="https://twitter.com/hashtag/Paris2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Paris2024</a> <a href="https://twitter.com/hashtag/OpeningCeremony?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#OpeningCeremony</a> <a href="https://t.co/ztRuzEiQ8j" rel="noopener noreferrer nofollow">pic.twitter.com/ztRuzEiQ8j</a>
 — The Meme Games (@MemeGames2024) <a href="https://twitter.com/MemeGames2024/status/1817964078549409795?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
As a token holder, you can pick your favorite meme characters and watch them compete for gold to multiply your holdings. The native token, $MGMES, is your ticket to glory in the meme coin ecosystem.
Participants in The Meme Games presale can choose between Dogecoin, Pepe, DogWifHat, Brett and Turbo and watch them race for a chance to claim a 25% bonus on their initial purchase.
Additionally, investors stand to earn passive income from the project’s staking mechanism. They can easily purchase and stake $MGMES to earn an impressive annual percentage yield (APY) of 794%.
<img decoding="async" class="alignnone wp-image-558324" src="https://insidebitcoins.com/wp-content/uploads/2024/07/stMGMEddd-300x106.png" alt="stMGME" width="662" height="234" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/stMGMEddd-300x106.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/stMGMEddd-1024x361.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/stMGMEddd-768x270.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/07/stMGMEddd.png 1065w" sizes="(max-width: 662px) 100vw, 662px">
You can buy $MGMES tokens for $0.0091 each. With a price hike coming in just under three days, buy soon to lock in the best deal.
<a href="https://insidebitcoins.com/visit/thememegames" target="_blank" rel="noopener noreferrer nofollow">Visit and buy The Meme Games here</a>.
<h3 id="also-read">Also Read:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/the-meme-games-price-prediction" rel="noopener noreferrer nofollow">The Meme Games Price Prediction – $MGMES Price Potential in 2024</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/how-to-buy-the-meme-games" rel="noopener noreferrer nofollow">How to Buy The Meme Games – $MGMES Presale Review</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle" rel="noopener noreferrer nofollow">Best Meme Coins to Invest in: Top Picks for Exponential Gains! 🚀</a></li>
 <li><a href="https://www.linkedin.com/pulse/best-crypto-watch-2024-top-5-cryptocurrencies-high-calsona-f8pve" rel="noopener noreferrer nofollow">Best Crypto to Watch in 2024: Top 5 Cryptocurrencies with High Potential</a></li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-presales/" rel="noopener noreferrer nofollow">Best Crypto Presales to Invest in Now for 10x Gains in 2024</a></li>
</ul>

Neiro Price Dumps 46% Amid Profit Controversy And ID Confusion As This Buy-To-Win Olympic Games-Themed ICO Goes Ballistic

Table of Contents

Inside Bitcoins

Outros artigos publicados em 29 de jul. de 2024

Whales Boost ARB Token Holdings

Hong Kong legislator Johnny Ng considers adding Bitcoin to the city’s financial reserves

Trading volumes flow to top 3 assets as Solana (SOL) heads above $190

Donald Trump Champions Bitcoin at 2024 Conference: A New Vision for Crypto in America

The Boys Club (TBC) Is Now Available for Trading on LBank Exchange

Crypto Markets Overcome Major Fears

Join our free newsletter for daily crypto updates!