NEIRO Coin’s Wild Ride: From Skyrocketing Gains to Sudden Crash
The “First Neiro on Ethereum” variant of NEIRO coin made headlines in September 2024 after it was listed on Binance. The listing triggered an explosive rally, with the coin’s price jumping an incredible 7,594%, making it one of the most talked-about meme coin runs of the year.
Key Highlights:
Massive Price Surge: Following its Binance debut, NEIRO’s market cap surged from around $14 million to $350 million, marking a 25x increase in a matter of days.
Huge Profits for Early Buyers: One savvy investor reportedly turned a $16,500 stake into $1.8 million by buying early and holding through the hype.
Futures Trading Gains: On Binance Futures, a trader earned a 92.85% return using 8x leverage on the NEIRO/USDT pair — a testament to both the coin’s volatility and potential for quick profits.
Risks & Red Flags:
Extreme Volatility: After hitting its peak, NEIRO’s price plunged nearly 80%, highlighting the unpredictable nature of meme coins.
Ticker Confusion: Binance listed two tokens under the NEIRO ticker at the same time, which confused many investors and added to the price instability.
Developer Controversy: Reports claim the coin’s developer cashed out roughly $2.85 million in what some have called a rug pull, raising serious doubts about the project’s integrity and long-term future.