NEIRO up 2000% within a week

NEIRO rose by more than 2000% for the past seven days. The digital asset posted high buying pressure amid a volatile session in the crypto space. On September 19 the token saw a significant gain, going from $0.0007822 to $0.0009717. At this point, the project has a $400 million market valuation

Wintermute, an algorithmic trading company and liquidity provider, is currently the biggest owner of the digital asset. The fund has recently persisted in repurchasing Neiro on Ethereum, siding with First Neiro in the conflict over Ethereum (community buyout).

Wintermute continues to be the biggest market maker for Neiro on Ethereum, The fund does more than create markets; it also invests in Neiro on Ethereum, which is the asset that powers Binance’s perpetual futures market.

Wintermute’s NEIRO holdings have increased to 63.46 million, but in a matter of minutes, they surpassed 65.41 million. Since September 10, 46 million more tokens have been added.

Wintermute uses a wallet containing over 37 million NEIRO engaged in high-frequency trading. With the wallet taking in deposits from several smaller wallets, it is evolving into a major net buyer.

Market makers employing Bitget and Gate.IO for high-frequency trading driving most of the price activity. Wintermute appears to be taking all the selling, playing a nerve-wracking game with short sellers who want to bring down NEIRO.

Though there have been a few dips along the road because of profit-taking, the expert price projections indicate that the NEIRO price is still undervalued and has a good potential for a significant increase.

Before its launch on Binance, Neiro On Ethereum was a comparatively obscure startup. Conversely, Neiro Ethereum, a related project, was making waves, hitting an all-time high price of $270 million, and even getting listed on Binance Futures.

Binance co-founder, however, clarified that “reflecting on what is a good MEME” led to the decision to put First Neiro on Ethereum. She asserted that the new NEIRO, or First Neiro On Ethereum, is a decentralized meme coin while raising bias that Neiro Ethereum is a highly concentrated bubble and maybe a Ponzi scam.