CandleFocus Binance-listed NEIRO locked its X account
2024-10-03
Author: Content Editor
The CTO version of Neiro on Ethereum has locked its X account, raising concerns about transparency and community control. The Binance-listed NEIRO version has also faced controversy and accusations of cabal trading and early token sniping. Whale wallets have been sniping NEIRO tokens on DEXs and smaller exchanges, and a wallet cluster has formed around Gate.IO trading. A single whale wallet has been divesting some of its NEIRO holdings and sniping the PEIPEI meme token at the same time. NEIRO has a lower number of holders compared to the initial version, indicating potentially more organic ownership. The competing NEIRO version has its biggest market-maker as Wintermute and a perpetual futures contract with significant open interest. Meme tokens have experienced market fluctuations, with the total market cap decreasing and traffic shifting to POPCAT. Whale activity has also been observed in DogWifHat, with large-scale buying and tokens being locked into Kamino Reserve 3 as collateral.
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