LD Capital’s Trend Research Controls 64% of NEIRO Supply, Driving 6x Price Surge
On-chain data from EmberCN reveals that Trend Research, a unit of LD Capital, holds 64.25% of memecoin NEIRO via 13 wallets. These wallets contain NEIRO tokens worth $55.7 million and 173,000 ETH used for acquisitions. Between March 24 and May 30, they withdrew large NEIRO amounts from Bybit and Gate.io, coinciding with NEIRO’s price rising sixfold from $0.0165 to $0.1155. EmberCN attributes this rally largely to their buying activity. LD Capital founder JackYi asserts all purchases were made on secondary markets with real funds and denies unethical behavior. This high concentration of supply in one entity underscores significant whale risk for NEIRO traders. *This is not investment advice.*
Bearish
A single entity holding over 64% of NEIRO poses significant dump risk. While the price rose sixfold, traders face concentration risk if Trend Research decides to sell. Similar whale-driven rallies in memecoins have led to sharp reversals once large holders exit. Short term, momentum could continue, but medium to long-term market stability is threatened by this supply imbalance.