CandleFocus Another Neiro Token Skyrockets as Meme Coin Competitors Fail Binance Checks
2024-09-18
Author: Content Editor
A Neiro token has seen a significant increase in market capitalization after being listed for spot trading on Binance. The co-founder of Binance explained that other tokens failed a compliance review. Neiro is the name of a Shiba-Inu dog owned by the owner of Kabosu, the dog that inspired Dogecoin. Another Neiro token, referred to as Neiro CTO, has been listed for spot trading, leading to a 2,270% increase in market cap in just over 48 hours. Binance's decision to list Neiro CTO instead of Neiro on Ethereum was due to compliance issues and token concentration. On-chain analyst company Bubblemaps warned about Neiro on ETH, citing concerns about token supply concentration.
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