Trend Research, an entity controlling 67.08% of the total $NEIRO supply, has deposited 129 million tokens (worth approximately $10 million) onto the Bybit exchange within a 40-minute window on September 4, 2025. The transfer was split across multiple wallets, with three notable deposits: 51.1 million tokens ($3.97M), 28.2 million tokens ($2.19M), and 49.7 million tokens ($3.86M).
This move has raised significant market concerns, as Trend Research had previously accumulated 670.75 million tokens from exchanges between March and August 2024 at an average price of $0.083 per token, totaling $55.55 million. The entity's dominance over the supply centralizes control and poses governance and liquidity risks. Market observers, including trader Vince Crypto, warn that even a partial sell-off could trigger a "confidence nuke" and cascade into leveraged liquidations due to overwhelmed buy-side liquidity.
While the exact intent behind the deposit remains unclear—ranging from potential selling to redistribution or staking preparations—the sheer size of the holding has instilled caution among investors. The event highlights broader concerns about token centralization and its impact on market stability.