When writing this analysis in the afternoon, the blade licked a small bite of blood.

Eating Melons: The Story of Trend and NEIROETH

For data, please refer to the details shared in the past few days by @余烬Ember , the underlying plot is worth pondering.

Let's take a wild guess:

> Trend is planning something big, secretly accumulating 67% of the $NEIROETH tokens, becoming the whale of NEIROETH.

> Unexpectedly, Bybit discovered this and planned to delist the NEIROETH contract, fearing the big whale would cut their users.

> To avoid a confrontation, Bybit privately notified Trend before the delisting.

> Trend had no choice but to hastily sell off before the token contract was delisted by Bybit, but unfortunately, due to insufficient liquidity, after selling 129 million, the token price crashed into a huge pit, dropping to 0.056, making it impossible to sell the rest.

> At this time, the price of NEIROETH is 0.065, and Trend still holds 541 million NEIROETH tokens; if they don't take action, they will have to dump them.

> Binance has not yet delisted the NEIROETH contract, and the liquidity exposure is still present, so there is still room for action.

> Although Bybit showed some leniency, it still hurts Trend, but the profits Trend made in the first half of the year by accurately betting on [Wall Street's interest in ETH for a market rally] are enough to cover their losses a hundred times over.

> It is very likely that Bybit wants to delist NEIROETH because of the series of posts revealing [Trend collecting NEIROETH chips] by the on-chain detective Yu Jin. If this is the case, the grudge has probably already been formed.

The above are just idle guesses about the plot: the operations of large holders are beyond the understanding of retail investors; they can only eat melons and watch the excitement.

#TrendResearch
#NEIROETH
#bybit