Binance's Neiro on Ethereum Listing Sparks 700% Surge, Hits $160M Market Cap

Sep 16, 2024, 11:27 AM

Binance's recent listing of Neiro tokens has sparked significant activity and controversy within the cryptocurrency community. The token, Neiro on Ethereum, experienced a 700% surge in value following its surprise spot listing on Binance, reaching a market cap of $160 million. This listing has caused confusion as Binance simultaneously listed a different Neiro token on its perpetual contracts. The community is divided over which token holds the true value, with some accusing Binance of listing low market cap memecoins for profit. Bybit and other exchanges have also listed Neiro tokens, further fueling the debate. Notably, a trader turned a $16.5K investment into $1.8 million due to the price surge. The situation highlights the ongoing volatility and speculative nature of the cryptocurrency market.