Big G Report: The three major culprits behind today's 14% plunge of NEIRO
Whale's successive sell-offs trigger a panic
On-chain data shows that multiple mysterious large accounts have withdrawn over 10 million NEIRO (worth over $11.68 million) from exchanges in the past 48 hours. These whale accounts suddenly turned around to dump their holdings after accumulating at lower prices. Even more severe, the third-largest holding address sold 3.25 million NEIRO in one go this morning, directly breaking through a key support level.
Sudden negative news for Shiba Inu IP
The Shiba Inu Kabosu family, on which NEIRO relies, has suddenly faced changes—its original owner announced the adoption of a new dog, Kokoro, leading to market concerns over IP value dilution. Historical data shows that similar incidents previously caused NEIRO to plunge 18% in a single day, and this time the negative news has triggered panic selling.
The insider team continues to drain funds
In-depth analysis of on-chain records reveals that the project team's associated wallets have secretly offloaded tokens worth $4.5 million in the past week, with 78% of the tokens still controlled by insiders. This scheme of high-level selling by market makers and retail investors picking up the pieces is reminiscent of last month's 46% crash of a similarly named token.
Market warning: The current price has fallen below the critical support line of $0.0006. If it cannot recover tonight, it may trigger a series of liquidations (refer to the April event where V God’s sell-off caused a 60% crash). Ordinary players should remember: the volatility of meme coins is normal; following the hype is not as good as watching coolly!
Opportunities are fleeting; a correction is imminent. Position yourself for spot trading; the profits from altcoins await you! Doubling your investment is not a dream. Click on the profile picture to follow me and join the bull market feast!
