Was it possible to predict the listing of $NEIRO CTO on Binance?
Well, the short answer is 'Yes'.
There were some interesting onchain metrics that signalled something big was coming for $NEIRO CTO between the 6th and 14th of September...
Let's dive into those metrics 🧵

1/ Starting with the Smart Money balance (purple), we can clearly see a steady increase in their $NEIRO balance between the 6th and 14th of September.
We usually expect a decent upside movement after seeing steady growth in the Smart Money balance.

2/ Smart Money's balance increased by over 90% in just one week before the Binance listing.
As you can see, most of the Smart Money addresses deposited their $NEIRO tokens to Binance immediately after the listing on September 16th, which explains the balance decline on the 16th.
3/ The next important signal was the sudden increase in CEX balances (green) like MEXC and HTX.
The CEX balance increased by over 8x between September 4th-16th.
This is a very unusual activity, which should ring the bell for you after seeing the increase in Smart Money balance.

4/ Another interesting metric was MEXC experiencing a sudden increase in $NEIRO CTO deposits, which was odd since it had already been listed on MEXC for 2 months.
MEXC hadn't seen any similar inflows in the past 2 months.

5/ This could indicate a possible accumulation by MEXC itself or by someone preparing to dump on the Binance listing news.
6/ TLDR:
Monitoring Smart Money activity alongside the CEX balance is one of the best ways to frontrun CEX listings or any insider news that the public isn't aware of yet.
7/ If you found this thread useful, please:
- Like and retweet the first tweet
- Follow me at @AmirOrmu for more on-chain alpha
x.com/AmirOrmu/status/18361813...
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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