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Trend Research Moves Remaining NEIROETH Holdings Worth $14.36M to Exchanges

Trend Research transfers 346 million NEIROETH to Gate and Bybit, contributing to a 60% drop in the token's price since the beginning of September.

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Summary

Trend Research transferred its remaining 346 million NEIROETH tokens, valued at $14.36 million, to Gate and Bybit on September 21, according to on-chain analyst Ember. This represents 34.6% of the token’s total supply. Earlier in September, the firm had moved 324.7 million NEIROETH, or 32.4% of supply, worth $22 million to exchanges. Since the transfers began, NEIROETH’s price has dropped by 60%.

Terms & Concepts
  • NEIROETH: A cryptocurrency token, of which Trend Research previously held a substantial portion of the supply.
  • On-chain Analysis: The use of blockchain transaction data to track and analyze token movements and ownership patterns.
  • Token Supply: The total number of units of a specific cryptocurrency that exist, whether in circulation or locked.