One of the top holders of Neiro Ethereum, a popular meme token, has recently sold a large amount of their coins, causing concern among investors. The second-largest holder, Wintermute, sold $3 million worth of coins, which sparked worries about potential future selloffs by top holders. Despite this, Wintermute remains the second-largest holder of the crypto.
The price of Neiro Ethereum has been volatile, trading near the flatline and experiencing a 10% dip in the weekly chart. Despite this, the token has partnered with market maker DWF Labs, which has added intrigue to its future price movements. Another significant holder of the crypto is GSR Markets, which holds 33.52 million tokens.
The concerns around potential future selloffs by top holders have solidified market concerns, even though the token has experienced gains in the broader bull market.
