Whales Gobble 58M NEIRO Tokens—So Why Isn’t the Price Mooning?

Crypto’s big players are betting heavy on NEIRO, snatching up 58 million tokens in a show of brute-force accumulation. Yet the price action? Stubbornly sideways.

Market mechanics 101: Even whale-sized demand can’t always overpower bearish sentiment. Especially when retail traders—spooked by last week’s 15% flash crash—keep hitting the sell button.

Here’s the kicker: These so-called ’smart money’ moves often lag behind real-time market psychology. A classic case of whales buying the dip… only to realize the dip has a basement.

Meanwhile, the rest of us get front-row seats to yet another episode of ’Crypto Fundamentals vs. Trader Panic.’ Place your bets—or better yet, grab some popcorn while the suits fight it out.

Spot selling dominates, retailers exit

Source: Coinalyze

Despite whale interest, sellers have tightened their grip.

Spot data from Coinalyze showed 20.28 billion NEIRO sold, with a negative Delta of -2.35 billion—clear evidence of aggressive position closures and prevailing bearish sentiment.

Source: Coinalyze

This bearishness is further evidenced by activities in the Futures.

Neiro’s Funding Rate, both actual and predicted, it remains negative. Usually, negative funding suggests that investors are bearish and thus are mostly shorting the memecoin.

Thus, shorts are dominating the market and expect prices to drop even further.

Neiro momentum stays bearish

As observed above, although whales have turned to accumulation, it’s yet to have a positive impact on NEIRO’s price movement.

Thus, even amidst the whale buying spree, the memecoin has made significant losses in its price. The primary reason for this situation is that sellers currently dominate the market.

This is evident from Neiro’s Relative Strength Index (RSI), which has decreased from 72 following a bearish crossover a week ago, and now stood at 50 as of press time.

Source: TradingView

Such a strong drop reflects strong selling pressure. This pressure from sellers has strengthened the downward momentum.

Usually, a higher selling pressure leads to oversupply, thus reducing value if demand fails to hold. Thus, looking at DMI it’s evident that momentum to the downside is strong and is likely to continue.

If Spot selling continues, NEIRO could revisit $0.0004149. But if whale accumulation gains traction and triggers broader interest, a recovery toward $0.00057 is still on the table.