Using on-chain data to mine the operators behind MEME Token

This article will take the uppercase and lowercase $NEIRO as an example to detail how to analyze profit addresses using tools like Dune, Nansen, and Arkham, and identify potential "insider trading" and manipulators.

Uppercase NEIRO( ETH) Profit Address Analysis

By querying the Token profit situation through Dune, we can see:

• There are currently few large holders of NEIRO in profit, and most addresses are in a state of loss.
• The income multiples of the top three profit addresses are between 450 and 880 times, far higher than other addresses.
• These addresses have only one transaction record, suspected of being "insider trading".

In-depth analysis of the top three profit addresses:

Address 1: 0x108d9b652d20fb2e196d3118a209bf792848781c

• Suspected to be a sub-wallet of the market maker Wintermute
• Bought nearly 10 million tokens at $95 during the early stages of token issuance.
• Subsequently transfer to other addresses of Wintermute for operations
• Wintermute may be one of the main forces behind the capitalized NEIRO.

Address 2: 0x1a768781d4543ae6862471ca603ee64d0827e848

• Buy 131 USD of NEIRO in the early stage of the Token issuance.
• Transfer in two transactions to two addresses, both of which have not sold any Token.
• One of the receiving addresses also received a transfer from crackoon.eth
• crackoon.eth has recently made a large number of dispersed transfers, suspected to be for testing purposes.

Address 3: 0xb265f497c5b9f63ffc739bca24db5601ce90aff3

• The position and a receiving address of address 2 are almost identical, which is likely operated by the same group of people.
• Some tokens have already been shipped via Crypto.com and Bitget, making a profit of $380,000.

Summary

Through analysis, it was found:

1. Wintermute is likely one of the main operators of the uppercase NEIRO.
2. Addresses 2 and 3 are suspected to be behind the same group of people.
3. These addresses are associated with a splitter address, ultimately pointing to a Binance account.

Lowercase NEIRO( CTO) Profit Address Analysis

Similarly, using Dune to query profit conditions, we focused on analyzing the following addresses:

Maximum profit address: 0x794e31c25fb4655056be42bbe10f02d342b7d868

• Buy a large amount at the beginning of the Token issuance.
• Recently started shipping, ultimately flowing to the exchange through multiple intermediary addresses.

Highest Yield Multiplication Address: 0x0714225f3e9f051ff8f4d2951dc1ca028c221dca

• Build positions in small batches by the end of July
• Large shipments and reinvestment at the beginning of August
• All positions were liquidated on the day Binance went live on September 16.

Suspected insider trading address: 0x4bb22cbc4b177880a9f7d0677c61b4693d66a585

• On September 15, (, a large number of purchases were made a day before the listing on Binance.
• Sold all after Binance went live on September 16, making a profit of 420,000 USD.

![Taking NEIRO as an example, I will guide you step by step on how to find the MEME COIN's market maker?])https://img-cdn.gateio.im/webp-social/moments-94dab7d5467050aabffb42c07721251e.webp(

Conclusion

Analysis reveals that there are significant "insider trading" activities behind the NEIRO Token, and most of the profits may be acquired by these addresses. Such projects carry extremely high risks, and special attention to risk control is required when participating. However, NEIRO has also introduced a new hype point to the MEME market, and there is still room for development in the future, which needs to be continuously observed.

![Taking NEIRO as an example, step by step teaching you how to find the MEME COIN's market maker?])https://img-cdn.gateio.im/webp-social/moments-d2c276f3ebaa02eb3d2db79173129aa2.webp(