Wintermute has significantly increased its holdings of the NEIRO coin since September 10, acquiring a total of 46.776 million NEIRO coins, according to data compiled by The Data Nerd. This investment reflects a growing interest from the cryptocurrency market-making firm in this particular altcoin.
Wintermute’s NEIRO Accumulation and Insider Trading Concerns
Wintermute‘s NEIRO purchases since September 10 have reached an approximate value of $3.4 million. The firm’s total NEIRO holdings now amount to 62.516 million coins, valued around $4.55 million, representing 6.2% of NEIRO’s total supply.
Concerns about the NEIRO coin have also emerged. Many market observers warn of potential insider trading, prompting investors to proceed with caution. These warnings have raised questions regarding the long-term price trajectory and reliability of the coin.
Current Status of NEIRO Coin
As speculation around insider trading intensifies, it appears that the NEIRO coin continues to strengthen its presence and value in the market. Wintermute’s substantial accumulation is pushing the altcoin’s price upward, with NEIRO trading at $0.0008403 after a remarkable 24-hour rise of 109.09%. The trading volume also surged by 84% during this period, reaching $790.87 million.
Additionally, NEIRO recently recorded an all-time high (ATH) of $0.0008885, indicating that it is currently trading 11.37% below its peak price.
