CandleFocus First Neiro on Ethereum, Related to Dogecoin, Rockets 700% on Binance Spot Listing
2024-09-16
Author: Content Editor
The announcement of Binance listing First Neiro on Ethereum (NEIRO) for spot trading led to a 700% surge in its price, increasing its market cap from $15 million to $146 million. However, Binance's decision to list two different NEIRO tokens, one for futures and one for spot trading, has caused confusion among the community as to which token is the "true" NEIRO. NEIRO is inspired by Neiro, a Shiba Inu related to the Dogecoin mascot Kabosu, but its owner has distanced herself from endorsing any NEIRO tokens. The listing of the NEIRO token on Binance caused a 700% rally in its prices, one of the biggest increases from a listing in recent months. The two NEIRO tokens have different contract addresses and are maintained by different teams, leading to criticism from the community. The NEIRO tokens experienced a significant increase in trading volumes and market capitalization following the Binance announcement.
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