In the past two days, news of NEIRO's surge has been everywhere in the market.
Judging from the case of capitalized NEIRO, the coordination of institutional strategies and community operations has indeed led to a short-term price surge, but whether there is actual value support behind this price is still a question mark. High returns brought by high leverage often also mean high risks. Once market sentiment changes or regulatory efforts are strengthened, the price of NEIRO may experience a sharp correction at any time. In this case, the most likely to be "harvested" are often those retail investors who take over at high prices. The controversy over lowercase Neiro reveals the dark side of the meme coin market.
According to Binance data, as of press time, NEIRO is quoted at $0.113, and its 24-hour trading volume has soared to 1.15 billion USDT. The current contract position is 50 million USDT, and its market value has exceeded 100 million USD. From October 10 to 12, the price of NEIROETH has directly risen by more than 100%.
This kind of increase is enough to make people astonished in the sluggish market of the crypto market in the past few days, and the NEIRO team seems to have mastered the market sentiment and triggered this rise.
Timeline of NEIRO’s surge: dog charity, institutional bargain hunting, and community donations
On October 10, the NEIRO community reached an interesting turning point. @k9_rescue tweeted a touching story about “Neiroshi,” a puppy who once faced a life-or-death test while battling leishmaniasis alone in the mountains of Macedonia.
However, with the support of NEIRO, Neiroshi received comprehensive medical care and regained hope for life. This story was enthusiastically shared by the#NeiroArmycommunity, and the tweet also specifically mentioned that NEIROETH fully funded the puppy's treatment, demonstrating the project team's support for public welfare and the cohesion of the community.
This kind of charity publicity has created a strong emotional resonance in the market. Neiroshi's story not only warmed the community, but also successfully attracted the attention of a large number of new investors. For many investors, it is undoubtedly a "plus point" to see that the project not only makes a difference in the market, but also helps the disadvantaged groups through practical actions. This soft publicity has injected warmth into the project and laid the foundation for the subsequent market heat. At the same time, the price of NEIRO in the secondary market quickly stopped falling after falling to US$0.055.
On October 10, several large institutions including GSR Markets quickly increased their holdings of NEIROETH, injecting strong liquidity into the market. GSR Markets withdrew another 25.4 million NEIRO (about $2.41 million) from Bybit 8 hours ago. In the past 3 days, the market maker has withdrawn 40.4 million NEIRO from Bybit, equivalent to 4.04% of the total supply. The position has now exceeded Wintermute's 27.63 million NEIRO (worth $2.82 million).
This signal of "institutional bottom-fishing" gave the market further bullish expectations, and retail investors also flocked in. The flow of large funds undoubtedly provided solid support for the price of NEIRO. This upward momentum seemed to have lit a fuse, quickly triggering a chain reaction in the market.
In addition, other cryptocurrency giants such as WIntermute, GSRMarkets and AurosGlobal have also recently acquired important NEIRO meme coins. According to data, Wintermute holds 42.63 million NEIRO, worth $3.27 million, GSRMarket holds 15 million NEIRO, worth $1 million, and AurosGlobal holds 2.6 million NEIRO, worth $200,000.
The massive accumulating of coins by cryptocurrency giants in recent days suggests that something is attracting the interest of cryptocurrency giants in this recently launched NEIRO meme coin.
How to view the current meme coin market: short-term speculation or long-term value?
Regarding this turmoil in the meme coin market, the crypto community and the outsiders have different opinions. The surge in capitalized NEIRO and the turmoil in lowercase Neiro are, on the surface, a short-term upheaval in the market, but at a deeper level, they reveal the two-sided nature of the meme coin market - in this highly speculative market, short-term wealth effects are often accompanied by huge risks.
Judging from the case of NEIRO, the coordination of institutional strategies and community operations has indeed led to a short-term price surge, but whether there is actual value support behind this price is still a question mark. High returns brought by high leverage often also mean high risks. Once market sentiment changes or supervision is strengthened, the price of NEIRO may experience a sharp correction at any time. In this case, the most likely to be "harvested" are often those retail investors who take over at high prices.
At present, the prosecution of Gotbit by the US SEC and FBI clearly means that regulators have realized the seriousness of these problems. In the future, as the regulation of the crypto market is tightened, meme coin projects that rely on market manipulation will face greater challenges. At the same time, this also provides development opportunities for projects that truly have innovative value and are willing to embrace transparency and compliance. Players in the crypto circle should remain cautious in such market changes and not be easily confused by short-term market enthusiasm.
