{"id":558321,"date":"2024-07-29T17:41:57","date_gmt":"2024-07-29T17:41:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=558321"},"modified":"2024-07-29T17:41:57","modified_gmt":"2024-07-29T17:41:57","slug":"neiro-price-dumps-46-amid-profit-controversy-and-id-confusion-as-this-buy-to-win-olympic-games-themed-ico-goes-ballistic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/neiro-price-dumps-46-amid-profit-controversy-and-id-confusion-as-this-buy-to-win-olympic-games-themed-ico-goes-ballistic","title":{"rendered":"Neiro Price Dumps 46% Amid Profit Controversy And ID Confusion As This Buy-To-Win Olympic Games-Themed ICO Goes Ballistic"},"content":{"rendered":"

The Neiro price plummeted 46% in the last 24 hours to trade for $0.01743 as of 09:30 a.m. EST.<\/p>\n

The NEIRO token’s dump comes amid controversy over insider buying, with reports that the project’s developer made up to 5,169X profit. On-chain detective Lookonchain reported that the developer initially invested 3 SOL worth $552 to purchase 97.5 million Neiro tokens.<\/p>\n

The developer then sold 68 million Neiro tokens for 15,511 SOL, equivalent to approximately $2.85 million. This happened on multiple wallets, achieving a realized profit of 15,508 SOL ($2.85 million), representing a gain of 5,169 times the initial investment.<\/p>\n

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The dev of $Neiro<\/a> has made 15,508 $SOL<\/a>($2.85M) with only 3 $SOL<\/a>($552), a gain of 5,169x!😱<\/p>\n

He spent 3 $SOL<\/a>($552) to buy 97.5M $Neiro<\/a> when deploying $Neiro<\/a>.<\/p>\n

Then he sold 68M $Neiro<\/a> for 15,511 $SOL<\/a>($2.85M) through multiple wallets, with a realized profit of 15,508 $SOL<\/a>($2.85M).… pic.twitter.com\/0PBP6gpJ0e<\/a><\/p>\n

— Lookonchain (@lookonchain) July 28, 2024<\/a><\/p><\/blockquote>\n