CryptoMediaClub
Monday, July 7, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Early Shiba Inu Buyer And Crypto Millionaire Swaps 1,000 ETH For This New Meme Coin

24.09.2024
A A
0
119
VIEWS
ShareShare

One lucky meme coin investor has profited over a million dollars in breakout meme coin Neiro ($NEIRO) as the token continues rallying following last week’s listing by Binance.

On-chain information shared by AI-driven blockchain analytics company Spot On Chain shows the trader swapped 1,003 $ETH for 2.86 billion $NEIRO last Wednesday.

Previously, the trader had made $145 million from Shiba Inu ($SHIB) back in 2021/2022.

This early SHIB buyer now has a $1.07M (+46%) unrealized profit from $NEIRO in just 5 days as the price keeps rallying!
Overall, the whale is now in the green on 2 of its 4 recent investments. Let’s check out the performance of this whale’s latest investments in $NEIRO, $FET,… https://t.co/fnlVpC35NO pic.twitter.com/yL1Ebgm936

— Spot On Chain (@spotonchain) September 23, 2024

In just 5 days, the lucky wallet owner’s $NEIRO stash had blown up by $1.07 million.

As of yesterday, they’re also up $1.7 million on a $3.45 million $FET trade that took place on August 31, although these wins do little to offset an $11 million loss from a recent $SHIB trade.

Neiro’s $NEIRO: An Explosive New Meme Coin

Thanks to its Binance launch, in virtually no time at all $NEIRO cornered a half billion market cap and now stands as the ninth biggest meme coin by market cap.

Like Dogecoin and its number one competitor Shiba Inu ($SHIB), Neiro is based on Kabosu, the real-life Shiba Inu whose photo is the source of the internet’s legendary viral doge meme.

At one point recently, Ethereum co-founder and creator Vitalik Buterin was Neiro’s largest holder, holding 4% of the supply, which was worth about $130,000 on August 3.

Neiro had airdropped him the 17.145 billion $NEIRO tokens in order to make the claim.

We are the people's $Neiro, on the people's chain, @ethereum.
And a little fun fact: @VitalikButerin is currently our largest holder. (4% of supply, ~$130k value as of the time of this post)

— Neiro (@neiroethcto) August 3, 2024

Buterin then dumped his entire supply on August 5; Neiro went into decline. However, Neiro is now up 200% from last week, all due to the Binance listing.

Source: TradingView

According to the chart, $NEIRO’s price has leapt up a decimal place since hitting Binance.

It set a new all-time high (ATH) of $0.001327, but since then the price has retreated 9.8%.

A falling relative strength index (RSI) of 52 suggests that the explosive rally could lose momentum as traders do some overnight profit-taking, helping to consolidate the price at its current level.

Degens Skip $NEIRO For $PEPU

Neiro’s rapid ascent has caught the eye of every stalwart meme coin watcher, but its fidelity to the Doge formula means the token offers very little by way of a new crypto product.

However, degens have locked eyes on a new meme coin based on Pepe called Pepe Unchained (PEPU).

It entered presale this summer and has already raised an eye-watering $15 million on the simple premise that it’s the first Pepe to run on a proprietary Ethereum Layer 2.

Pepe isn’t just breaking chains—he’s making smart moves! 🧠🐸 pic.twitter.com/7cau9pZ3KQ

— Pepe Unchained (@pepe_unchained) September 23, 2024

Ethereum may be the most commercially important blockchain, thanks to a giant community of application developers and consumers, but it currently processes about 15 transactions per second (tps) which results in high network congestion and large transaction fees.

To solve this bottleneck, developers have created Layer 2 protocols to sit on top of the main Ethereum network and process transactions independently on a side chain, before adding them to the Layer 1 ledger.

One famous Layer 2 is Polygon, represented by the $POL token (formerly $MATIC), which has a maximum recorded 429 tps.

Tokens underlying Layer 2 protocols have collectively amassed a market cap of over $20 billion.

$PEPU is the first meme coin to utilize this technology to give its holders a more enticing value proposition than any standard-issue meme coin.

It’s a hundred times quicker and cheaper to transact with than Ethereum, and thanks to the improved scalability, Pepe Unchained offers $PEPU stakers far greater rewards (currently 141%) than Layer 1 meme coins.

Got FOMO? Learn more about Pepe Unchained from the official X (formerly Twitter) and Telegram accounts.

Visit the official $PEPU website.

The post Early Shiba Inu Buyer And Crypto Millionaire Swaps 1,000 ETH For This New Meme Coin appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave of crypto laundering,...

Read moreDetails
Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
Load More
Next Post
DTCC Tests Tokenization of Collateral with U.S. Treasuries

DTCC Tests Tokenization of Collateral with U.S. Treasuries

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin (BTC) Undervalued, But Charts Show Further Correction Pending

Bitcoin (BTC) Undervalued, But Charts Show Further Correction Pending

2 years ago

Bullish on Bitcoin: Key Metric Signals Growth Potential

2 years ago
Bitcoin Dips as SEC Delays ETF Approvals Despite Grayscale Victory Surge

Bitcoin Dips as SEC Delays ETF Approvals Despite Grayscale Victory Surge

2 years ago
The future of BTC mining and the Bitcoin halving

The future of BTC mining and the Bitcoin halving

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

Bitcoin Price Prediction: Post-$50B Whale Dump, BTC Price Holds Steady – Can Institutional Control Drive New Highs?

Why Snaky Way’s $AKE Token Is More Than Just a Meme Coin, Presale Ongoing

Ripple (XRP) Holders Achieve Financial Freedom by Starting Dogecoin (DOGE) Mining Machines through Blockchain Cloud Mining

PEPE Whales Accumulate Amid Market Volatility: Is a 200x Rally Coming?

Trending

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH
All news

Brazil’s Central Bank Hack Sparks $40M Crypto Laundering in BTC, ETH

07.07.2025
0

A sophisticated cyberattack on C&M Software, a technology provider for Brazil’s Central Bank, has triggered a wave...

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

Drake Compares Love Life to Bitcoin Price Swings in New Lyrics

06.07.2025
Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

Ethereum Price Prediction: ETH Holds Narrow Range as ETF Demand Builds – Is a Breakout Near?

06.07.2025
Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

Mercado Bitcoin to Tokenize $200M in RWAs on XRP Ledger, Ripple Reveals

06.07.2025
XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

XRP Price Prediction: Is Consolidation Over? Crypto Michael’s Chart Hints at Explosive Move

06.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz