{"id":119449,"date":"2024-10-28T21:41:44","date_gmt":"2024-10-28T14:41:44","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119449"},"modified":"2024-10-28T21:41:44","modified_gmt":"2024-10-28T14:41:44","slug":"neiro-sees-increased-accumulation-with-13-64-million-tokens","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119449","title":{"rendered":"Neiro sees increased accumulation with 13.64 million tokens"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em>Neiro has declined by 15.76% over the past week.<\/em><\/li>\n<li><em>Fresh wallets accumulates 13.64 million tokens worth $1.029 million.<\/em><\/li>\n<\/ul>\n<p>After a sustained upswing, <a href=\"https:\/\/ambcrypto.com\/predictions\/neiro-on-eth-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Neiro on Ethereum [NEIRO]<\/a> has experienced a sharp decline over the past week. In fact, at the time of writing, NEIRO was trading at $0.001552. This marked a 3.78% decline over the past day.<\/p>\n<p>Also, the memecoin has declined on weekly charts by 15.76%.<\/p>\n<p>This drop over the past week has presented an opportunities with investors buying the dip. As such, Lookonchain observed that new wallets have started to accumulate NEIRO during this dip.<\/p>\n<h2>NEIRO sees increased accumulation<\/h2>\n<p>According to <a href=\"https:\/\/x.com\/lookonchain\/status\/1850583655548391923\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Lookonchain<\/a>, fresh wallets were aggressively accumulating the token. The blockchain monitor shared this observation through their official X page noting that,<\/p>\n<blockquote>\n<p>\u201cWallet \u201c0xec6b\u201d was created yesterday and withdrew 230.4 $ETH($575K) from #OKX to buy 8.23M $NEIRO. Wallet \u201c0xd753\u201d was created yesterday and withdrew 5.41M $NEIRO($453K) from #Gateio.<\/p>\n<\/blockquote>\n<div id=\"attachment_437397\" style=\"width: 899px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437397\" class=\"wp-image-437397 size-full\" alt=\"\" width=\"889\" height=\"512\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets.jpeg 889w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets-300x173.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets-768x442.jpeg 768w\" data-lazy-sizes=\"(max-width: 889px) 100vw, 889px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437397\" class=\"wp-image-437397 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets.jpeg\" alt=\"\" width=\"889\" height=\"512\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets.jpeg 889w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets-300x173.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neirowallets-768x442.jpeg 768w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437397\" class=\"wp-caption-text\">Source: Lookonchain<\/p>\n<\/div>\n<p>These new wallets have accumulated a total of 13.64 million NEIRO tokens worth $1.029 million. Usually, when new wallets start accumulating a token, it signals increased interest and demand.<\/p>\n<p>When markets are poorly performing, new investors enter the market anticipating price appreciation.<\/p>\n<p>Buying activities result in buying pressure which further raises prices through supply squeeze. Thus, the question is, can these accumulations help raise the price?<\/p>\n<h2>Impact on price charts?<\/h2>\n<p>Although the increased accumulation plays a vital role in changing the market dynamic, NEIRO\u2019s short-term data told a different story.<\/p>\n<div id=\"attachment_437399\" style=\"width: 1455px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437399\" class=\"wp-image-437399 size-full\" alt=\"\" width=\"1445\" height=\"563\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges.jpeg 1445w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-300x117.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-1024x399.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-768x299.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-1200x468.jpeg 1200w\" data-lazy-sizes=\"(max-width: 1445px) 100vw, 1445px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437399\" class=\"wp-image-437399 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges.jpeg\" alt=\"\" width=\"1445\" height=\"563\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges.jpeg 1445w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-300x117.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-1024x399.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-768x299.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-outside-exchanges-1200x468.jpeg 1200w\" sizes=\"auto, (max-width: 1445px) 100vw, 1445px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437399\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>For example, the token\u2019s supply outside of exchanges has declined over the past month from a high of 165.75 billion to 133.78 billion tokens. This decline suggests that investors are depositing their NEIRO tokens into exchanges reducing their holdings.<\/p>\n<div id=\"attachment_437401\" style=\"width: 1449px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437401\" class=\"wp-image-437401 size-full\" alt=\"\" width=\"1439\" height=\"576\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges.jpeg 1439w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-300x120.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-1024x410.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-768x307.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-1200x480.jpeg 1200w\" data-lazy-sizes=\"(max-width: 1439px) 100vw, 1439px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437401\" class=\"wp-image-437401 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges.jpeg\" alt=\"\" width=\"1439\" height=\"576\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges.jpeg 1439w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-300x120.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-1024x410.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-768x307.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-exchanges-1200x480.jpeg 1200w\" sizes=\"auto, (max-width: 1439px) 100vw, 1439px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437401\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>This phenomenon was evidenced by the fact that supply on exchanges has been increasing over this period. Santiment\u2019s data showed supply on exchanges has increased from 254.98 billion to 286.9 billion.<\/p>\n<p>This implied that most investors were preparing to sell their assets which could result in selling pressure.<\/p>\n<div id=\"attachment_437402\" style=\"width: 1423px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437402\" class=\"wp-image-437402 size-full\" alt=\"\" width=\"1413\" height=\"567\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address.jpeg 1413w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-300x120.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-1024x411.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-768x308.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-1200x482.jpeg 1200w\" data-lazy-sizes=\"(max-width: 1413px) 100vw, 1413px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437402\" class=\"wp-image-437402 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address.jpeg\" alt=\"\" width=\"1413\" height=\"567\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address.jpeg 1413w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-300x120.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-1024x411.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-768x308.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/neiro-address-1200x482.jpeg 1200w\" sizes=\"auto, (max-width: 1413px) 100vw, 1413px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437402\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p>Additionally, NEIRO\u2019s daily active addresses have dropped for the past 3 weeks from 2390 to 219. This suggested reduced participation, interest, and demand signaling investors\u2019 indifference and lack of confidence in the memecoin\u2019s prospects.<\/p>\n<h2>What next for the memecoin?<\/h2>\n<p>Although these new wallets have entered the market, NEIRO needed more activities, or events to jumpstart its price rally. The accumulation has so far not brought a positive impact on price charts.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/neiro-on-eth-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Neiro on ETH [NEIRO] Price Prediction<\/a> 2024-25<\/p>\n<hr\/>\n<p>The current conditions could set the memecoin up for further decline unless more buying opportunities arise. Thus, the memecoin could decline to find its next support at $0.001355.<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/microstrategy-stock-hits-25-year-high-amid-bitcoin-surge\/\" rel=\"prev\" data-wpel-link=\"internal\">MicroStrategy stock hits 25-year high amid Bitcoin surge<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/fresh-investors-scoop-up-neiro-crypto-amid-15-76-decline-what-next\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Neiro has declined by 15.76% over the past week. Fresh wallets accumulates 13.64 million tokens worth $1.029 million. After a sustained upswing, Neiro on Ethereum [NEIRO] has experienced a sharp &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119449\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119449","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119449"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119449\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}