Whale's $10M Move Shakes NEIRO: A Liquidity Test or Exit Play?

Trend Research, the largest holder of NEIRO with control over approximately 67.08% of the token’s supply, has recently transferred 129 million NEIRO tokens—valuing around $10 million—into Bybit, triggering a sharp price correction. This move follows a six-month accumulation period in which the entity withdrew 670.75 million NEIRO tokens worth $55.55 million from exchanges between March 24 and August 23, 2025. The transaction has raised concerns among investors about a potential large-scale sell-off or liquidity test by the whale, which has historically exhibited a long-term acquisition strategy [1].

The price of NEIRO has fallen by over 13% within 24 hours of the transfer, trading at $0.06790 as of the latest update, a 22% drop from Trend Research’s average acquisition price of $0.083 [1]. This decline has intensified speculative concerns, particularly in light of NEIRO’s unique position as a meme token with a centralized supply structure. Unlike many decentralized meme coins, NEIRO’s token distribution has been heavily influenced by whale activity, including Trend Research’s steady accumulation and, more recently, its sudden liquidity shift [2].

Market analysts note that NEIRO’s bearish movement reflects broader patterns observed in crypto markets, where large holders—commonly referred to as whales—can significantly impact smaller tokens through their trading behavior. NEIRO’s price volatility is further amplified by its liquidity profile, with over 45% of its trading volume concentrated on centralized platforms such as HTX and Bitget. This centralization limits organic market participation and exposes the token to rapid sell-offs when whales decide to offload their holdings [2]. The token is also among the most cloned meme coins, which further dilutes demand and reduces its competitive edge in a crowded market [2].

On-chain data suggests that Trend Research’s strategy has been methodical and long-term, with the whale gradually absorbing NEIRO supply through 14 separate wallets over several months. This acquisition phase did not trigger immediate market reactions, suggesting that Trend Research aimed to build its position without drawing attention. However, the recent transfer of 13% of the total supply to Bybit has shifted investor sentiment from confidence to uncertainty, with many questioning whether this is the beginning of a larger exit [1].

Technical indicators reinforce the bearish outlook, with the NEIRO token showing a significant drop in the Chaikin Money Flow, indicating a net outflow of capital from the ecosystem. The 1D Relative Strength Index has also reached oversold territory at 30, which may signal a potential short-term rebound. Nonetheless, the broader trend remains negative, with the Moving Average Convergence Divergence reflecting strong bearish momentum. A further large-scale offload by Trend Research or other large holders could exacerbate the downward trend and push NEIRO to its lowest levels since the start of the year [1].

The implications for investors remain mixed. While some see this as a buying opportunity for long-term holders, the risk of further price declines persists due to the token’s reliance on whale activity and limited organic demand. If Trend Research continues its liquidity tests or decides to offload its remaining holdings, NEIRO’s market cap could fall below $10 million, raising questions about its long-term viability. Investors are advised to monitor on-chain movements and exchange volume closely for signs of sustained selling pressure.

Source:

[1] NEIRO price dips 13% as Whale offloads $10M after 6-month accumulation (https://invezz.com/news/2025/09/04/neiro-price-dips-13-as-whale-offloads-10m-after-6-month-accumulation/)

[2] NEIRO supply moves to exchanges, sparking sell-off or liquidity test (https://www.mitrade.com/insights/news/live-news/article-3-1095107-20250904)