A crypto trader recently made a 100x return by investing in Meme Coin First Neiro (NEIRO).
According to data Chia by Arkham on September 16, the trader, who remains anonymous, initially invested $16,550, which grew to $1.8 million in just eight weeks.
This trader turned $16.5K into $1.8 MILLION on Neiro
Trader 0x6ac bought around 5 ETH of Neiro within the first 2 days of its existence.
He held for 8 weeks before Binance announced its listing today – sending his holdings over the 7-figure mark.
That's over 100x. pic.twitter.com/5SEF6HDmpK
— Arkham (@ArkhamIntel) September 16, 2024
The investor's strategy was to buy the Meme Coin within 48 hours of its launch, betting on an early price surge. Their bet paid off as NEIRO saw a significant surge after its listing on Binance. The trader now holds 4.599 billion Neiro Token , worth $1.82 million, marking a 100x return on their initial investment.
First Neiro entered the market in early August, with a surge following Binance ’s announcement on September 16 of a spot listing for the Token . The news sent NEIRO up more than 700% in just a few hours, bringing its market Capital to $150 million. Since its launch, the Token has gained 8,400%, currently trading at $0.00039.
However, the Binance listing was controversial, with confusion over the existence of multiple NEIRO Token on the platform, especially as Binance already offered a Futures Contract product tied to another NEIRO Token .
The situation is further complicated by the appearance of similar Token on different blockchains , leading to debates over which Token represents the real Neiro, a dog associated with the legacy of the Dogecoin mascot.
