<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1LK14e_0wPJ5uGL00" alt="https://img.particlenews.com/image.php?url=1LK14e_0wPJ5uGL00" width="1068" height="713" >In the last 14 hours, GSR Markets has deposited 7.41% of Neiro’s ($NEIRO) total supply back into the Bybit exchange.This move comes shortly after a series of significant withdrawals: between October 8 and October 21, GSR Markets pulled approximately 74.13 million $NEIRO from Bybit at an average price of $0.084 per token, totaling an estimated $6.2 million.While this deposit may raise questions, the likely intention behind the move is to enhance liquidity rather than initiate a large sale. A true sell-off at the current average price of $0.075 would amount to around $5.53 million, resulting in a potential loss of approximately $669,000—a 10.8% decline after just 18 days.<blockquote class="twitter-tweet" data-width="550" data-dnt="true">GSR Markets deposited 7.41% of <a href="https://twitter.com/NeiroOnEthereum?ref_src=twsrc%5Etfw">@NeiroOnEthereum</a>’s total supply back to Bybit in the last 14 hours!Notably, GSR Markets withdrew 74.13M <a href="https://twitter.com/search?q=%24NEIRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEIRO</a> from <a href="https://twitter.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw">#Bybit</a> at an average price of $0.084 (estimated cost: $6.2M) between Oct 8 and 21, 2024.However, this action is likely intended… <a href="https://t.co/pNzp5hsqzk">https://t.co/pNzp5hsqzk</a><a href="https://t.co/BtWBfkHTgR">pic.twitter.com/BtWBfkHTgR</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1850009399114465795?ref_src=twsrc%5Etfw">October 26, 2024</a><input type="image" src="empty.gif" style="opacity:0" onerror="s=document.createElement(&quot;script&quot;);s.src=&quot;https:\/\/platform.twitter.com\/widgets.js&quot;;document.body.appendChild(s);"></blockquote>In the volatile cryptocurrency market, liquidity often plays a crucial role in ensuring smooth trading and stability for tokens. By returning a portion of $NEIRO to Bybit, GSR Markets could be positioning itself to support trading volumes and improve liquidity for $NEIRO, possibly mitigating potential price impacts and contributing to healthier market dynamics.As market participants closely monitor GSR’s actions, the focus remains on how this injection of $NEIRO supply into Bybit might impact trading activity and market sentiment. While the crypto market is accustomed to sharp fluctuations, strategic moves like this can reveal much about a company’s intentions, especially in periods of heightened volatility. The crypto community will be watching for GSR’s next moves in the days to come.Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!</div></body>

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GSR Markets Returns 7.41% Of Neiro’s Total Supply To Bybit, Likely Aiming To Boost Liquidity

In the last 14 hours, GSR Markets has deposited 7.41% of Neiro’s ($NEIRO) total supply back into the Bybit exchange. This move comes shortly after a series of significant withdrawals: between October 8 and October 21, GSR Markets pulled approximately 74.13 million $NEIRO from Bybit at an average price of $0.084 per token, totaling an estimated $6.2 million.