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First NEIRO Rockets 700% Post-Binance Listing

Neiro’s 700% price surge follows Binance spot listing despite confusion over dual NEIRO tokens.

2 min 30 sec September 16, 2024

Highlights:

$NEIRO surged 700% after Binance spot listing announcement.

Confusion arose after Binance listed two $NEIRO tokens.

Neiro’s market cap jumped from $15M to $146M in 24 hours.

First NEIRO Rockets 700% Post-Binance Listing

A new Binance spot listing has triggered a massive 700% price surge for First Neiro (NEIRO). On Monday, Binance announced it would offer First Neiro on Ethereum (NEIRO) alongside two other tokens in its spot market. 

 

This news sent traders into a frenzy, boosting Neiro’s market cap from $15 million to $146 million overnight. Trading volumes also skyrocketed, jumping from $8 million over the weekend to over $220 million in just 24 hours.

 

Confusion Over Two Neiro Tokens

 

The twist? Binance already offers Neiro as a futures product. However, this new spot listing introduced a second NEIRO token with a different contract address. 

 

According to Binance, First Neiro on Ethereum (NEIRO) has a distinct contract address compared to the NEIROETH Futures token listed earlier in September. This difference sparked confusion and criticism among traders.

 

Many in the crypto community took to social media, slamming Binance’s decision. Users questioned why Binance would list two different Neiro tokens, each managed by different teams. 

 

 

NEIRO's 700% Surge

 

Despite the backlash, Neiro’s price soared 700% after the Binance listing announcement. The massive rally occurred within hours but eventually cooled down. 

 

The token’s market cap shot up to $146 million, with trading volumes surpassing $220 million in 24 hours. However, the rally didn’t last. NEIROETH futures prices fell 40% after the spot listing, raising concerns among traders.

 

Currently, Binance data shows NEIROETH futures have racked up nearly $1 billion in trading volume in the past day. But with the two separate tokens in play, traders are left uncertain. 

 

The market is now waiting to see how these dual listings will impact Neiro’s future price movements. Despite the confusion, Binance continues to shape the crypto market with its powerful influence.

 

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