A study by Nansen revealed that 90% of the supply of $NEIRO tokens was given to key opinion leaders (KOLs), which likely fueled the price surge.
Token Unlocks, a website dedicated to tracking token distribution, highlighted this finding, emphasizing how token distribution can cause market changes. This allocation strategy was especially important in driving $NEIRO’s market capitalization to $300 million.
This emphasis on token allocations to KOLs suggests that they are becoming increasingly important in the crypto world. They can definitely sway market sentiment, especially when a large token holder decides to sell, potentially causing a sudden price drop. In the case of $NEIRO, this effect was clear, as the price increased rapidly after the allocation to these prominent figures.
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