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Crypto Prune > News > Crypto > Altcoins > It has been revealed that a single company holds a large portion of this memocoin supply
Altcoins

It has been revealed that a single company holds a large portion of this memocoin supply

7 months ago 2 Min Read

According to data from blockchain analytics platform Embercn, Trend Research, part of LD Capital, controls 173,000 Ethereum (ETH) and 64.25% of Memecoin Neiro.

This rate is equivalent to Neiro Tokens worth $55.69 million.

Embercn identified 13 different wallet addresses linked to trend research. It was noteworthy that all of these addresses included Neiro Tokens. These wallets, which have 64.25% of the total supply, drew a large amount of Neiro from Bibit and Gate Exchanges between March 24th and May 30th. During the same period, Neiro’s price rose by about six times from $0.0165 to $0.1155. Embercn suggested that this increase was primarily due to the purchase activity at these addresses.

Of the top 21 Neiro owner addresses except Exchange, Market Maker and Pool addresses, all remaining major owners were determined to belong to these 13 wallets.

Jackyi, founder of Ld Capital, issued the following statement on the subject:

“I bought it on the secondary market with real money, but I didn’t sell it. At the time, Memecoin was popular and I wanted to buy it when it was low in market value. I’m patient and want to be one of the leaders of the ETH ecosystem.

*This is not investment advice.

See also  With Pioneers RWA space, Hancom features gold-backed Stablecoin
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