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A trader who buys Nero, one of the most talked about meme coins of recent times, may have experienced a lot of pain despite making huge profits.
Early sale, sorry…
According to information provided by on-chain analysis platform Lookonchan, a person who invested $1,000 in Nero on July 28 made a nearly 30-fold profit. The investor, who made a profit on the same day, was probably very happy with his profit within 1 day. Uncle Nero started raising prices drastically in the following days.
As of October 15, i.e. today, Newry, which made an ATH and broke a record, reached $0.0022. However, on the day the trader took the shot, the price was around $0.000004. So if the trader had waited until today, he would have made about 16,000 times the profit, or in other words, he would have made $18 million.
The real boom came with Binance
As you may recall, Nero was listed on Binance on September 16th. After its listing in spot transactions, MemeCoin saw significant price movement.
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