Trend Research has divested all of its NEIROETH holdings, transferring 346 million NEIROETH to Gate and Bybit, representing 34.6% of the supply.
This transaction is a continuation of the Token transfer that began on September 4th; the group previously controlled 67% of the NEIROETH supply. Since the transfer began, the price of NEIROETH has dropped by about 60%.
- Trend Research transfers 346 million NEIROETH (34.6%) to Gate and Bybit.
- Previously they controlled 67% of the supply (670 million NEIROETH, worth $73 million).
- Started moving from 4/9; since then NEIROETH is down about 60%.
Transaction details
Trend Research transferred all remaining NEIROETH on on-chain addresses to two exchanges Gate and Bybit, totaling 346 million NEIROETH, worth approximately $14.36 million, or 34.6% of the total supply.
The transfer took place over a period of approximately 20 minutes, completing the listing of the Token . This is a continuation of the previous Token transfer, indicating a centralized liquidation from the same entity.
Impact on NEIROETH price
After starting to transfer Token to the exchange from September 4, NEIROETH decreased by about 60% compared to the previous level.
Putting a large amount of Token on the exchange often increases selling pressure, reduces liquidation and causes strong price fluctuations, especially when the supply is concentrated in the hands of a large group of owners as in this case.
Previous performance and holding size
Prior to the recent transfers, Trend Research controlled approximately 67% of the NEIROETH supply, or 670 million Token, worth approximately $73 million.
About half a month ago (September 4), they transferred 324.7 million NEIROETH (32.4% of supply, worth $22 million) to the exchange; the transfer of 346 million NEIROETH is the next batch, making the total amount of deposits on the exchange very large in a short period of time.
FAQ
How many Token were transferred today and how much are they worth?
346 million NEIROETH, worth approximately $14.36 million, representing 34.6% of the total supply.
How much NEIROETH did Trend Research previously hold?
They once controlled about 67% of the supply, or 670 million NEIROETH, worth about $73 million.
When did the transition start and what was the impact?
Token transfers started on September 4th; since then NEIROETH has dropped around 60%, due to selling pressure and reduced market confidence.
Where can this information be verified?
Token transfer details can be checked through on-chain data and deposit/withdrawal history on Gate and Bybit exchanges to compare transactions.
