Neiro Ethereum (NEIRO) price rose over 10% amid the meme coin’s new partnership with market maker DWF Labs, raising speculation.
Neiro Ethereum has garnered significant investor optimism, seeing nearly 10% gains on Friday following news of a new partnership.
The dog-themed meme token’s community announced a collaboration with market maker DWF Labs, attracting widespread attention in the crypto industry.
Traders responded positively to the partnership, as the token’s intraday trading volume increased by around 17%.
Neiro Ethereum Partners with DWF Labs, Boosting Market Sentiment
In an X post dated October 18, the ‘Neiro On Ethereum’ account shared, “We are thrilled to partner with DWF Labs, a new generation Web3 investor and market maker.” The announcement quickly gained traction, marking a significant milestone for the meme token.
The post also added, “Together, we’ll amplify Neiro’s market presence, drive growth, and expand our community.”
This statement sparked optimism within the community. DWF Labs similarly shared the news on X, highlighting efforts to boost the token’s market growth.
However, market participants eagerly await further details about the partnership, which have not yet been disclosed.
Despite this, the coin’s price displayed bullish trends following the announcement, fueling further discussions in the market.
Meme Coin Price Gains
As of the time of writing, NEIRO’s price increased by nearly 10% over the past 24 hours, reaching $0.09835.
The token’s intraday low and high were recorded at $0.08216 and $0.1026, respectively. In addition, trading volume surged by 17%, contributing to positive sentiment surrounding the token.
Coinglass data also indicated a 9% rise in the token’s futures open interest (OI), reaching $81.47 million.
Derivatives volume for the token climbed 13% to $628.75 million, further highlighting growing investor interest alongside the partnership. Combined with the price jump, these stats suggest an upward trend for the token.
Longer-term charts also reflect Neiro Ethereum’s rally, with weekly gains exceeding 7%, and the monthly chart showing a 32% increase.
This price rise is consistent with broader gains in the meme coin sector, as seen in today’s crypto market prices. Enthusiasts are closely watching the token for further developments and shifts in price action.
