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- NEIRO’s top holder sold 129M tokens worth $10M at a loss.
- Retail traders joined with $2.85B in sell volume.
- Indicators suggest a drop below $0.06 unless bulls step in.
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NEIRO, the memecoin that once captured strong investor interest, is facing renewed selling pressure. As of press time, NEIRO traded at $0.067, down 13.3% in 24 hours, extending its losses to 32% over the week and nearly 50% over the month.
Whale Selling Sparks Fear
The latest selloff intensified after Trend Research, NEIRO’s largest holder with 67% of the supply, moved 129 million NEIRO tokens worth $10 million onto Bybit. This wallet had accumulated 670 million tokens for $55.55 million between August 2023 and March 2024.
Trend Research, holds a massive 67.08% of the $NEIRO supply, deposited 129M $NEIRO($10M) into #Bybit ~40 minutes ago.
— Lookonchain (@lookonchain) September 4, 2025
Between Mar 24 and Aug 23, the entity withdrew 670.75M $NEIRO($55.55M, 67.08% of the total supply) from exchanges at $0.083 avg via 14 wallets.
What happens if… pic.twitter.com/GmKyZhyyfF
Importantly, these sales were made at a loss, given NEIRO’s recent dip from $0.083. Analysts note that when whales sell at a loss, it often signals shaken confidence and expectations of further downside.
Retail Investors Join the Sell-Off
The bearish outlook has not been limited to whales. Coinalyze data shows NEIRO’s sell volume hit $2.85 billion versus $2.47 billion in buys, leaving a negative Sell-Buy Delta of -379 million.
Similarly, exchange inflows spiked by 129.57 million NEIRO on September 4, reflecting increased selling activity across the board. This aligns with growing panic among retail traders seeking to exit positions before further declines.
Derivatives Market Turns Bearish
In the derivatives market, activity surged sharply. CoinGlass data shows NEIRO’s derivatives volume jumped 226% to $53.5 million, while open interest fell 0.7% to $18 million. The drop in open interest suggests traders closed out positions quickly, unwilling to hold through volatility.
Meanwhile, the Long/Short Ratio fell to 0.88, revealing traders are heavily favoring short bets against NEIRO’s price.
Technical indicators point to more downside ahead. NEIRO’s RSI touched 30, signaling oversold conditions, while the DMI confirmed strong negative momentum. If selling persists, NEIRO could fall below $0.06, with support around $0.057.
However, analysts caution that if bears begin to exhaust and bulls step in to buy the dip, NEIRO could rebound toward $0.089 in the short term.
NEIRO faces mounting pressure as both whales and retail traders fuel a selloff. Unless demand picks up, the memecoin risks deeper losses in the coming days.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: NEIRO Surges 1,910% – Is Dogecoin’s Dominance At Risk Amid $180M Liquidation?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
