Neiro’s Death: Trading Platforms Are Becoming the “National Football Referee” of the Meme Market|100x Review
Preface On the evening of September 5, OKX and Binance launched NEIRO contracts, and the price of NEIRO skyrocketed, with the highest increase of 6 times in two days. In an instant, the two "dogs" with the same market value have now jumped to 150M while one has a market value of 25M. After simply collecting the information of uppercase and lowercase Neiro, we can see the dramatic story of the two "conspiracy groups" behind it, as well as the consensus crisis that is emerging in the meme field. Story 1: Vitalik’s popularity + CTO’s promotion, Neiro was originally a story of Nirvana Unlike NEIRO, which rose as soon as it opened and reached a market value of 10M in just one hour, Neiro collapsed as soon as it opened and took more than a week to reach 10M. Later, NEIRO's market value rose all the way to 290 million US dollars, but it was soon revealed that 78% of the addresses were used for insider trading, which was the largest insider trading in the meme world, and then it fell all the way.