In a market characterized by ongoing bearish sentiment, the price of First Neiro On Ethereum (NEIRO) has experienced a meteoric rise of 850%. The token’s value soared from $0.00003612 to $0.000415 following its listing announcement on Binance. This dramatic increase has captured the attention of traders and investors alike, leading to a significant boost in trading volume from $8 million to over $173 million, as per data from CoinMarketCap.
Community Reactions to Binance’s NEIRO Listing
Despite the substantial surge in both the token price and trading volume, the community’s response to Binance’s NEIRO listing announcement on X (formerly Twitter) has been highly notable. According to the listing details, Binance will list two NEIRO tokens – ‘First Neiro On Ethereum’ (NEIRO) and NEIROETH Futures, each under separate contract addresses and maintained by different teams.
Something Fishy in NEIRO, Says Trader
In a post on X, a cryptocurrency trader raised concerns, stating, “Binance double check NEIRO, You have NeiroOnEthereum Listed on Futures, then you announced a 15m mc Neiro listing on Spot. Something is fishy…” He further elaborated that Wintermute, the crypto liquidity provider, keeps buying the NeiroOnEthereum token. The trader questioned, “I see no reason why one of the main MM providers of Binance is buying the ‘wrong NEIRO’ and is not holding the ‘right one’!”
Contract Address of NEIRO Token
According to Binance’s announcement, the First Neiro On Ethereum (NEIRO) is associated with the contract address “0x812ba41e071c7b7fa4ebcfb62df5f45f6fa853ee.” Meanwhile, NEIROETH Futures is linked to the contract address “0xee2a03aa6dacf51c18679c516ad5283d8e7c2637.” These details have been confirmed by Binance as part of their official communication.
Additional Listings: BABYDOGE and TURBO
In addition to NEIRO, Binance will also be listing two other tokens: BABYDOGE and TURBO. At the time of writing, both these tokens have seen significant price increases, with BABYDOGE surging by 90% and TURBO by 15% in the last 24 hours, according to CoinMarketCap data.
Conclusion
The significant rise in the price and trading volume of First Neiro On Ethereum (NEIRO) amid a bearish market sentiment is a remarkable event. While the community remains vigilant and somewhat skeptical, the token’s performance and Binance’s support appear to be driving interest and trading activity. As the market evolves, it will be interesting to see how NEIRO and other newly listed tokens on Binance perform.
