People are mad. One of the biggest launches of this summer on Ethereum, Neiro, is down 90% from its peak after a huge influencer campaign. The cabal Neiro left investors with nothing.
Yes, of course, crypto is a very high risk, high volatility investment. Sure, influencers are not in control of the market, and they shill based on their personal opinions. We know. But for this Neiro the story is different.
Neiro was launched on July 27th and reached an ATH of $290 million 10 days later. It was just one of several Neiro launched on different chains. This was considered the cabal one. Immediately, a conspicuous number of influencers started shilling it as the “only real Neiro.”
Neiro On Ethereum: 80% Of The Supply Was Controlled By The Team
$NEIRO on ETH (@neiro_ethereum) is heavily controlled ⚠️
78% of the supply was sniped at launch and spread out among many wallets.
Insiders already made $4.5M and still own 66% 🧵 ↓ pic.twitter.com/dEwiuE3Gu2
— Bubblemaps (@bubblemaps) July 30, 2024
The Neiro meme coin on Ethereum is largely dominated by a small group of insiders. Bubblemaps found that, at launch, 78% of the total supply was quickly acquired by 80 addresses, each securing around 1%. They then distributed the holdings in 400 different accounts, and they kept selling not more than $3000 at a time.
Part of the supply went to these influencers to shill this cabal Neiro to their community. And they kept shilling all the way down.
In case you were wondering who shilled you Cabal neiro all the way down to the grave instead of standing with community
These losers have handlers to answer to pic.twitter.com/m8HAPmxxbm
— Tmak 𓄀 (@cryptoTmak) September 2, 2024
This is not a new story. Some big influencers keep using their community as exit liquidity especially now that the market is undoubtedly bad. Investors are tired and demand accountability.
It’s hard to imagine this Neiro surviving. Clearly, there is resentment, and the fud is spreading on X. Moreover, other Neiro coins on Ethereum and Solana are now receiving more attention.
Crypto All-Stars Presale Is Approaching $1 Million Milestone
Crypto All-Stars ($STARS) has kicked off its presale with a bang, raising over $900.000 and it’s quickly heading towards the 1$ million milestone.
All Stars is a new meme coin offering an innovative staking platform. Holders of major memes can earn massive rewards in $STARS tokens through the MemeVault.
The MemeVault protocol is a revolutionary staking contract that enables multi-token, multi-chain meme coin staking, on a single platform.
Investors can put their meme coins to good use and earn an astonishing 1528% Annual Percentage Yield (APY). The more $STARS Tokens you own, the more rewards you earn.
At launch, you’ll be able to stake 11 top meme coins, including Pepe Coin ($PEPE), Dogecoin ($DOGE), Shiba Inu ($SHIB), Floki Inu ($FLOKI), Based Brett (BRETT), Mog Coin ($MOG), Milady ($LADYS), Turbo ($TUBRO), Toshi the Cat ($TOSHI), Coq Inu ($COQ), and Bonk ($BONK). More meme coins will be added in the future!
The price is currently $0.0014191 per $STARS. You can participate in the presale by purchasing with ETH, USDT, or a bank card.
EXPLORE: EtherVista: Vista Interface On Pump Fun Clone For Ethereum?
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
