First Neiro on Ethereum (NEIRO), a meme coin, is one of the top gainers this week. In the past seven days alone, the token is up over 332X, bringing its total market capitalization to over $341 million – a testament to a token that was struggling to break through the $100 million mark a few weeks ago.

NEIRO grows after listing on Binance

According to trackers, NEIRO is up 109% in the past day, boosted by increasing trading volume. Technically, the underlying momentum is mighty when there is a combination of rising prices and engagement. For this reason, some indications suggest that NEIRO has more to go, and early investors should prepare for even bigger gains.

While the hype surrounding NEIRO largely explains the surge in interest and price, the resulting fear of missing out (FOMO) was initially sparked by the Binance listing on September 16.

According to Binance, the world’s largest exchange by number of traders, NEIRO, along with two other meme coins, TURBO and BABYDOGE, began trading on September 16. Yesterday, September 17, traders began withdrawing the token.

Even before the listing, the meme coin was one of the top gainers, increasing triple-digit results as enthusiasm grew. Less than 48 hours later, traders are looking to double down, FOMO on the meme coin to take advantage of the trend.

Trader makes millions as whale gathers

Analysts suggest that some early traders were handsomely rewarded from this acute leg. Arkham data from Sept. 16 shows that one trader, identified only as “0x6ac,” turned $16,500 investment into over $1.8 million through early stage investing, prior to listing on the stock exchange.

The address, the analyst notes, began accumulating immense amounts of NEIRO after the token’s launch. Instead of being knocked out of balance by market conditions, the address lasted until it was listed on the Binance exchange before being cashed out.

In this development, trackers are also catching fascinating events. Whales and social media influencers are also accumulating the meme coin.

Movements on the chain to reveal that one influencer, @BitCloutCat, bought the token after it was listed on the Binance exchange. As of September 17, the influencer was in the money, gaining over $808,000. Meanwhile, another whale he bought 4.67 billion NEIRO worth over $1.3 million, driving demand.