This trader made a lot of profit from NEIRO, $16k capital became $1.8M!

Bittime - A crypto investor managed to turn an initial investment of $16.5K (Rp. 252 million) into $1.8 million (Rp. 27.5 billion) thanks to the soaring price of the meme coin Neiro (NEIRO). This happened after the coin was announced to be listing on Binance. 

Neiro's price increase reached more than 1000% last Monday. Apart from that, other investors also managed to make profits of more than $500,000 (Rp. 7.6 billion) in less than a day.

Smart Investors Make Big Profits with Neiro

The savvy investor, known by the pseudonym 0x6ac, bought 5 ETH worth of NEIRO during its first two days of existence. Holding the asset for eight weeks, their decision paid off when Binance announced it would list it. 

This announcement made the price of the meme coin soar more than 100 times the investor's initial investment.

Read also: MemeFi: New Mission with Prizes of 50 Million Coins

These incredible gains demonstrate the potential volatility and rewards that can be gained from an initial investment in a low market cap token, especially in the meme crypto domain. Adding to the excitement, other crypto investors took advantage of Binance's announcement just minutes before it was made public.

This individual bought NEIRO about 40 minutes before today's listing announcement and now has a profit of more than $516,000 (Rp. 7.9 billion) in less than six hours. NEIRO soared by 1000% today, driven by the excitement surrounding its official debut on Binance. However, these crypto investors are considered insiders due to the timing of their purchases.

NEIRO and Other Memecoins Listing on Binance

Binance announced today that trading for Neiro, along with two other meme tokens, Turbo (TURBO) and Baby Doge Coin (1MBABYDOGE), will begin on September 16, 2024, at 10:00 UTC. 

Newly listed pairs – NEIRO/USDT, TURBO/USDT, and 1MBABYDOGE/USDT will be open for deposits starting one hour before trading begins.

Read also: What is Neiro, Neiro Coin and How to Buy It?

Meanwhile, withdrawals from exchanges for all three tokens will be available starting September 17 at 10:00 UTC. All three tokens are categorized under Binance's "seed" tag, indicating their early-stage development and high-risk profile.

NEIRO, which offers huge returns to the aforementioned crypto investors, is a dog-faced meme token on the Ethereum blockchain. Currently, this token is gaining attention in the crypto community. 

Turbo, another token that will be listed on Binance, was created using artificial intelligence. Therefore, this token is attractive to the growing segment of digital currency enthusiasts. While Baby Doge is built on both the BNB Smart Chain and Ethereum networks.

How to Buy Crypto on 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. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.