NEIRO Memecoin Price Drops

Bittime - NEIRO sent 17.1 billion Neiros to Vitalik Buterin, but Vitalik's sale of the memecoin caused the price to fall 60%. This event exposed the high risk and volatility of memecoin.

NEIRO Send 17.1 Billion Neiros to Vitalik

NEIRO, a little-known memecoin, sent 17.1 billion Neiros, or 4% of the total supply, to Vitalik. This is a strategic move to increase the credibility of the coin and increase its appeal within the cryptocurrency community by elevating Vitalik as the highest holder.

NEIRO Memecoin Price Drops

NEIRO price fell by 60%, making all investors and coin holders panic. The price crash highlights the risks associated with meme coins, which are highly volatile and susceptible to market manipulation. As a result Vitalik sold 17.1 billion Neiro memecoins in exchange for 44.4 ETH.

Also Read: Neiro Ethereum Soars: Can It Reach $1?

Popularity of the NEIRO Memecoin

The crypto asset market may have a number of memes with the name NEIRO, but the NEIRO that Vitalik sold was the most prominent on the occasion. This gave rise to a wider debate about the morality of such landmark agreements and the possible consequences, especially for agreements involving influential individuals such as Vitalik Buterin.

Conclusion

Vitalik Buterin's goal of NEIRO's strategic action, which generated 17.1 billion Neiros, was to increase the coin's credibility and appeal within the cryptocurrency community. However, this action had major consequences, especially when Vitalik sold his assets. The sale of 17.1 billion Neiros caused NEIRO's price to fall by 60%, panicking investors and coin holders.

This event shows the high volatility and risk of memecoins and possible market manipulation. While NEIRO may not be the only coin considered a meme, this event made NEIRO a major subject of conversation about the morality and consequences of major deals in the cryptocurrency world, especially those involving Vitalik Buterin and other important people.

Overall, these circumstances show how important it is to be careful and well-informed when investing in crypto assets, especially memecoins, which are highly volatile and vulnerable to the actions of individuals or large organizations.

Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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