The dog-themed meme coin Neiro (NEIRO/USD) is on a hot streak, riding a wave of excitement following its recent listing on Binance Futures. Traders are buzzing about the token’s potential, pointing to a surge in trading volume and institutional interest.
Crypto trader The Solistice observed “insane volume” for Neiro, with trading activity exceeding that of Dogwifhat (WIF/USD) by a factor of two, despite having a market cap only 10% of the latter. Neiro even outpaced Pepe (PEPE/USD) in trading volume, despite its valuation being a mere 5% of Pepe’s.
Adding fuel to the fire, Crypto Coach reported that market-making firm Wintermute is accumulating Neiro after the Binance listing. Arkham Intelligence data confirms Wintermute’s holdings of Neiro are currently valued at $2.3 million. “The whales definitely know something. Imagine not having a NEIRO bag right now,” Crypto Coach quipped.
Professional speculator Villu Veedla echoed the sentiment, proclaiming Neiro to be superior to both Pepe and Dogwifhat. Veedla predicts a multi-billion dollar valuation for Neiro, if market sentiment continues to favor it. “To make a big run you need momentum on your side and people behind the project are top players and every move has been calculated so far,” Veedla stated.
Neiro’s recent surge can be attributed to its listing on Binance Futures, which opened the door to leverage trading with up to 75x magnification. Earlier in August, “Dogecoin Millionaire” Glauber Contessoto fueled the hype by revealing a $100,000 investment in Neiro, citing its potential to emulate the success of Dogecoin and Shiba Inu. Contessoto also highlighted Neiro’s resilience during a 37% Ethereum flash crash, demonstrating a strong and loyal community of holders. This “diamond hands” mentality signifies robust community support and confidence in the project.
In the past 24 hours, NEIRO has soared by 14.8%, extending its seven-day gains to a remarkable 650%. The growing influence of meme coins is expected to be a key topic of discussion at Benzinga’s upcoming Future of Digital Assets event on November 19th.
