hold or not - Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!

BTC $54271.934 -10.50%

ETH $2319.029 -20.12%

BNB $448.028 -15.19%

XRP $0.477 -14.21%

BTC ETH BNB ADA SOL AVAX DOGE LINK TRX

USD EUR GBP JPY AUD CAD CHF CNY

Convert

LIVE UPDATES • ETH Price Drop Triggers Massive Liquidations And Market Turbulence • Blast Stablecoin USDB Depegged by Over 5% Amid Market Crash • Meme Coin Magic: Brett Surges and this Top Presale Sets New Standards • Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH! • Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets • Arweave’s Pioneering Permanent Storage Is Making Waves as Investors Eye Best Crypto Presale Projects 2024 • Fetch AI’s Merger with ASI: See the Future of Crypto and the World’s Best Crypto Presales! • Book of Meme Preserving Digital Culture – Crypto Investors Actively Pursuing Best Ongoing Presales in 2024 • From Milady Meme Coin to MoonBag: Exploring the World’s Best Crypto Presales • Bobo: A New Marvel in the Memecoin Universe

News Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH! 34 mins ago - Around 2 mins mins to read

Key Points:

Vitalik Buterin offloaded 17.1 billion memecoin Neiros (4% of the total supply) for 44.4 ETH.

The sell-off caused Neiro’s price to crash by 60%, sparking panic among investors.

Vitalik Buterin has dumped a large amount of the memecoin Neiro, causing the value to drop significantly.

A relatively unknown memecoin, Neiro, transferred 17.1 billion Neiros—4% of the total supply—to Vitalik’s address. It was a strategic move to hype up Vitalik as the highest holder and to use his high profile to increase the coin’s credibility, hence the attractiveness, in the cryptocurrency community.

Read more: Bobo: A New Marvel in the Memecoin Universe

Vitalik Buterin Offloads 17.1 Billion Neiros

It backfired when Vitalik sold 17.1 billion memecoin Neiro in exchange for 44.4 ETH. In a flash, sell-offs occurred, and Neiro’s price dropped drastically by 60%, panicking all investors and holders of the coin. The price collapse further highlighted the risks associated with meme coins, which are highly volatile and susceptible to market manipulations.

There may be a few meme coins bearing the name Neiro across the cryptocurrency market, but one pegged to this event is the Neiro that Vitalik sold. This has further provoked a broader argument on the morality of such significant transactions and possible consequences that could have an impact, especially on dealings involving influential people like Vitalik Buterin.

memecoin Memecoin Neiro Memecoin Neiro Plummet Vitalik Buterin

Author Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Related Posts

Coinbase Second Quarter Revenue Reaches $1.45 Amidst Regulatory Progress CFTC Investigates Ben Armstrong Former Company Over Alleged Meme Coin Scam 25.78% of Wormhole Token Supply Will Be In Circulation After Latest Unlock ETH Price Drop Triggers Massive Liquidations And Market Turbulence Crypto Executives Meeting Coming Soon Seeking White House Help for Crypto and Web3 Ex-Binance Global Adviser Now Becomes Senior Adviser for Harris’ 2024 Campaign Morgan Stanley Clients Can Now Access Bitcoin ETFs for Investment Coinbase Layer 2 Base Introduced New Identity Tool

News

Memecoin Neiro Plummets 60% as Vitalik Sells for 44.4 ETH!