Developer of This Altcoin Sold His Tokens for 5,169x Profit

Developer Profits from Altcoin Launch,

A developer has reportedly made significant earnings from the launch of a relatively unknown altcoin, Neiro.

Whale Accumulation and Sale

According to cryptocurrency tracking service Lookonchain, the developer acquired 97.5 million Neiro tokens for 3 SOL, equivalent to approximately $500. Later, capitalizing on the altcoin's price surge, they sold 68 million tokens for 15,511 SOL, or $2.85 million. This transaction yielded a profit of 15,508 SOL.

Burn and Holdings

The developer also transferred 10 million Neiro tokens to a burn wallet, effectively reducing the supply. As a result, they currently hold 19.5 million Neiro tokens, with an unrealized profit estimated at $1.8 million.

Neiro Token Details

Neiro is a memecoin operating on the Solana blockchain. Its name honors the newly adopted dog of Kabosu, the mascot for Dogecoin, which recently passed away.

It's important to note that this information is not financial advice. Please conduct your own research before making any investment decisions.