TechFlow reports on August 5, according to Bubblemaps monitoring, insiders have cumulatively sold $6.5 million worth of NEIRO tokens. Snipers on the Ethereum chain are continuously selling through hundreds of addresses used to disperse holdings, with average daily sales reaching $500,000.
Previous data from Bubblemaps indicated that 78% of the NEIRO token supply was sniped at launch, initially distributed across 80 addresses and later expanded to 400 addresses. Notably, these addresses typically sell no more than $3,000 per transaction, reflecting a cautious selling strategy.
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