Whale Profits 30.8x on Neiro: $3.75M Transferred to Binance

According to a report by COINOTAG on September 24, a notable whale activity involving 2.969 billion Neiros, valued at US$3.75 million, was observed on Binance. Monitoring entity Ember highlighted that this whale utilized 92 separate wallets between August 21 and September 10, investing a total of 48.5 ETH (approximately US$121,400) to acquire Neiros at an average price of US$0.0000409 per token.

Significantly, the whale transferred these Neiros to Binance’s 0xca6…6Be deposit address 9 hours prior, making a substantial profit of up to 30.8 times their initial investment. The market valuation of Neiros at the sale time was US$0.00126, which underscores a shrewd trading strategy. Such high-yield activities attract attention in the crypto markets, reflecting the potential gains savvy investors can secure by leveraging market fluctuations and strategic timing.