As monitored by Spot On Chain, GSR Markets deposited 7.41% of the total supply of Neiro On Ethereum into Bybit in the past 14 hours, and it is worth noting that between October 8 and October 21, 2024, GSR Markets withdrew 74.13 million NEIRO from Bybit at an average price of $0.084 (estimated cost: $6.20 million).
However, the move was most likely intended to provide more liquidity than to sell. If a real sale had been made at an average price of $0.075, it would have resulted in a loss of $669,000 (-10.8%) after just 18 days.
GSR Markets deposited 7.41% of the total supply of Neiro On Ethereum into Bybit in the last 14 hours.
2024-10-26 03:07:50
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