Prop Firm Founder—Vida, Amasses $NEIRO, Eyes Major Gains

Vida, a renowned prop firm founder, has raised eyebrows with a significant purchase. Recently, he revealed on his X account that he had accumulated 0.4% of the circulating supply of $NEIRO. 

One of his wallets, bwecapital.eth, withdrew an impressive 4.06 million $NEIRO from Bybit, a transaction worth $314,000. Vida has compared $NEIRO’s potential to $PEPE, one of the most explosive tokens of the year. 

Whale Activity Fuels $NEIRO's Rapid Growth

In the past 24 hours, $NEIRO has surged by 50% due to large-scale buying by whales and institutional investors. GSR Markets, for instance, purchased 15 million $NEIRO tokens just three days ago for $939,000. 

That investment has already grown to $1.17 million, reflecting the rapid price appreciation. Vida’s bwecapital.eth wallet played a major role in this momentum, withdrawing 4.065 million $NEIRO from Bybit nine hours ago. 

Additionally, a new whale, known by the wallet address 0xa1d, exchanged 158.44 ETH, roughly $375,000, for 5.15 million $NEIRO. Another whale, 0x00d, followed suit, swapping $309,000 worth of ETH for 5.114 million $NEIRO. 

What’s Next for NEIRO?

As of writing, $NEIRO trades at $0.084, having rebounded from a support level around $0.055. According to analysts, the next resistance point is at $0.096. 

However, a potential short-term correction may occur as some traders choose to lock in profits. That said, traders should tread cautiously and wait for confirmation from lower time frames.

With Vida’s endorsement and major buying activity from whales, many believe $NEIRO could follow a similar path to $PEPE. As the market continues to watch closely, the coming days will reveal whether $NEIRO can sustain this momentum and reach new heights.