It Has Been Revealed That a Single Company Holds the Majority of the Supply in This Memecoin

According to data from blockchain analysis platform EmberCN, Trend Research, part of LD Capital, controls 173,000 Ethereum (ETH) as well as 64.25% of the memecoin NEIRO.

This rate corresponds to $55.69 million worth of NEIRO tokens.

EmberCN identified 13 different wallet addresses linked to Trend Research. It was noteworthy that all of these addresses contained NEIRO tokens. These wallets, which have 64.25% of the total supply, made large withdrawals of NEIRO from Bybit and Gate exchanges between March 24 and May 30. During the same period, NEIRO’s price increased by approximately 6 times, from $0.0165 to $0.1155. EmberCN suggested that this increase was largely due to the buying activity of these addresses.

Excluding exchange, market maker, and pool addresses among the top 21 NEIRO owner addresses, it was determined that all the remaining major owners belonged to these 13 wallets.

LD Capital founder JackYi made the following statement on the subject:

“I bought with real money on the secondary market, I didn’t sell. At that time, memecoins were popular, I wanted to buy when the market value was low. I patiently hope to become one of the leaders of the ETH ecosystem. I bought more and naturally became one of the main owners. In my opinion, buying with real money on the secondary market is not an unethical behavior. This project has been around for a long time.”

*This is not investment advice.