Neiro Price Dumps 46% Amid Profit Controversy And ID Confusion As This Buy-To-Win Olympic Games-Themed ICO Goes Ballistic

The
Neiro
price
plummeted
46%
in
the
last
24
hours
to
trade
for
$0.01743
as
of
09:30
a.m.
EST.

The
NEIRO
token’s
dump
comes
amid
controversy
over
insider
buying,
with
reports
that
the
project’s
developer
made
up
to
5,169X
profit.
On-chain
detective
Lookonchain
reported
that
the
developer
initially
invested
3
SOL
worth
$552
to
purchase
97.5
million
Neiro
tokens.

The
developer
then
sold
68
million
Neiro
tokens
for
15,511
SOL,
equivalent
to
approximately
$2.85
million.
This
happened
on
multiple
wallets,
achieving
a
realized
profit
of
15,508
SOL
($2.85
million),
representing
a
gain
of
5,169
times
the
initial
investment.

The
dev
of

$Neiro
has
made
15,508

$SOL($2.85M)
with
only
3

$SOL($552),
a
gain
of
5,169x!????

He
spent
3

$SOL($552)
to
buy
97.5M

$Neiro
when
deploying

$Neiro.

Then
he
sold
68M

$Neiro
for
15,511

$SOL($2.85M)
through
multiple
wallets,
with
a
realized
profit
of
15,508

$SOL($2.85M).…

pic.twitter.com/0PBP6gpJ0e

—
Lookonchain
(@lookonchain)

July
28,
2024

The
profit
is
controversial
amid
speculation
of
a
possible
rug
pull,
or
exit
scam.
Such
events
involve
project
insiders
quietly
selling
a
large
chunk
of
their
token
allocation
and
exiting
the
project.

Besides
the
remarkable
profit,
there
is
also
identity
controversy
around
the
Neiro
token.
Based
on
CoinGecko
data,
there
is
one
with
a

market
capitalization
of
$17.38
million
at
press
time
that
recorded
a
46%
price
drop.
The
other
is
up
63%
with
a

market
capitalization
of
$55.71
million.

Traders
looking
to
make
future
bets
are
now
in
disarray,
not
knowing
which
way
to
go.
This
confusion
is
worsened
by
rumors
of
what
appears
to
be
a
brewing
exit
scam.

Id
love
to
ape

$neiro
but
i
legit
dont
know
which
one
is
the
right
one

—
emocoin
(@emotrades_)

July
28,
2024

Other
analysts
have
also
investigated
the
developer.

The

$Neiro
dev
made
$6M
with
a
memecoin;
it
was
not
hard.
Nor
luck.

In
this
video,
you
will
see:
–
His
past
launches
–
The
tools
used
for
that
specific
launch
–
Another
coin
launched
with
the
same
tool
(got
it
live)

pic.twitter.com/Q6vchfc4Vx

—
Antoine
Rousseaux
(@AntoineRSX)

July
29,
2024

NEIRO
Price
Prediction

The
NEIRO/USD
trading
pair
is
trading
with
a
bearish
bias
in
the
one-hour
timeframe.
It
is
consolidating
within
a
descending
triangle
pattern,
which
is
typically
a
bearish
continuation
pattern.
The
price
has
been
making
lower
highs,
forming
the
upper
trendline,
while
the
lower
trendline
acts
as
a
support
level.

Based
on
the
histogram
nodes,
volume
has
been
decreasing
as
the
price
approaches
the
top
of
the
triangle.
Traders
must
wait
for
a
breakout
accompanied
by
an
increase
in
volume,
as
this
would
confirm
the
direction
of
the
breakout.

Meanwhile,
the
Relative
Strength
Index
(RSI)
is
around
50,
signifying
neutrality.
This
indicates
that
there
is
no
clear
momentum
in
either
direction,
and
the
market
could
move
either
way.
It
highlights
the
need
for
investors
to
await
a
breakout.

The
Moving
Average
Convergence
Divergence
(MACD)
is
below
the
signal
line,
which
is
generally
a
bearish
sign.
However,
the
histogram
shows
decreasing
negative
momentum,
indicating
that
the
bearish
momentum
may
be
weakening.

If
the
Neiro
price
breaks
below
the
lower
trendline
of
the
descending
triangle
with
strong
volume,
it
could
indicate
a
bearish
continuation.
In
this
case,
the
price
might
move
toward
the
next
support
level,
around
$0.010
or
lower.

NEIRO/USD
1-hour
chart

Conversely,
if
the
price
breaks
above
the
upper
trendline
of
the
descending
triangle
with
strong
volume,
it
could
invalidate
the
bearish
pattern
and
indicate
a
bullish
reversal.
In
this
scenario,
the
price
might
move
towards
the
next
resistance
level
around
$0.030
or
higher.

Meanwhile,
as
the
Neiro
price
fills
up
a
descending
triangle,
crypto
expert
Jacob
Bury
on
YouTub
says
The
Meme
Games
(MGMES)
presale
could
explode
10X
after
its
launch.
It
has
already
garnered
over
$293K
in
funds
raised.

Promising
Alternative
To
NEIRO

The
Meme
Games
project
is
an
exhilarating
fusion
of
the
Olympic
Games’
competitive
spirit
and
the
active,
fun-filled
meme
coin
culture.

MGMES is
a
gamified
meme
token
comprising
popular
crypto
meme
coin
characters
who
reward
presale
buyers
with
bonuses
for
winning
events.
The
project
aims
to
capitalize
on
the
hype
surrounding
the
ongoing
Olympic
Games
in
Paris.

????

$BRETT
was
honoured
to
be
chosen
to
be
the
star
of
the
Olympic
opening
ceremony!
⭐️#Olympics

#Paris2024

#OpeningCeremony

pic.twitter.com/ztRuzEiQ8j

—
The
Meme
Games
(@MemeGames2024)

July
29,
2024

As
a
token
holder,
you
can
pick
your
favorite
meme
characters
and
watch
them
compete
for
gold
to
multiply
your
holdings.
The
native
token,
$MGMES,
is
your
ticket
to
glory
in
the
meme
coin
ecosystem.

Participants
in
The
Meme
Games
presale
can
choose
between
Dogecoin,
Pepe,
DogWifHat,
Brett
and
Turbo
and
watch
them
race
for
a
chance
to
claim
a
25%
bonus
on
their
initial
purchase.

Additionally,
investors
stand
to
earn
passive
income
from
the
project’s
staking
mechanism.
They
can
easily
purchase
and
stake
$MGMES
to
earn
an
impressive
annual
percentage
yield
(APY)
of
794%.

You
can
buy
$MGMES
tokens
for
$0.0091
each.
With
a
price
hike
coming
in
just
under
three
days,
buy
soon
to
lock
in
the
best
deal.

Visit
and
buy
The
Meme
Games
here.

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