{"id":632689,"date":"2024-08-01T17:30:19","date_gmt":"2024-08-01T17:30:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=632689"},"modified":"2024-08-01T14:17:29","modified_gmt":"2024-08-01T14:17:29","slug":"new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\/","title":{"rendered":"New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days"},"content":{"rendered":"

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner\u2019s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days.<\/p>\n

Kabosu\u2019s Sister Sparks New Memecoin Wave<\/h2>\n

Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin<\/a> (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog.<\/p>\n

Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal<\/a><\/p>\n

Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization.<\/p>\n

On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted<\/a> over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain.<\/p>\n

The token was also heavily criticized<\/a> after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token\u2019s supply and eventually sold it for $5.7 million.<\/p>\n

Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019.<\/p>\n

Are The Dog Days Back?<\/h2>\n

The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1.<\/p>\n

\"memecoin\"
NEIRO hits a $200 million market cap in four days. Source: Dexscreener<\/a><\/figcaption><\/figure>\n

Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before.<\/p>\n

Nonetheless, the developers of Ethereum\u2019s Neiro have also been accused of insider<\/a> trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly \u201cis heavily controlled.\u201d According to the report, 78% of the memecoin\u2019s supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30.<\/p>\n

Investors seemed unfazed by the reports, with many calling the report \u201cbullish news.\u201d Others expressed excitement by the firm\u2019s \u201cfudding,\u201d stating<\/a>, \u201cA lot of the most successful memes require supply control.\u201d<\/p>\n

Related Reading: Solana Looks \u2018Ripe To Push Higher\u2019, Is A Mania-Like Rally To $600 Coming?<\/a><\/div>\n

Moreover, many investors consider \u201cthe dog days are back\u201d and the \u201cDoge legacy continues\u201d with the Ethereum-based memecoin. To an X user, there are a few reasons<\/a> why Neiro\u2019s has become an overnight sensation, including its \u201cSHIB-like narrative,\u201d \u201cconcentrated attention,\u201d and the \u201creturn of dog meta that always dominates Ethereum bull cycles.\u201d<\/p>\n

As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours.<\/p>\n

\"Memecoin,
DOGE’s performance on the one-week chart. Source: DOGEUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owner\u2019s new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosu\u2019s Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog. Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization. On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain. The token was also heavily criticized after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token\u2019s supply and eventually sold it for $5.7 million. Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019. Are The Dog Days Back? The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1. Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before. Nonetheless, the developers of Ethereum\u2019s Neiro have also been accused of insider trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly \u201cis heavily controlled.\u201d According to the report, 78% of the memecoin\u2019s supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30. Investors seemed unfazed by the reports, with many calling the report \u201cbullish news.\u201d Others expressed excitement by the firm\u2019s \u201cfudding,\u201d stating, \u201cA lot of the most successful memes require supply control.\u201d Related Reading: Solana Looks \u2018Ripe To Push Higher\u2019, Is A Mania-Like Rally To $600 Coming? Moreover, many investors consider \u201cthe dog days are back\u201d and the \u201cDoge legacy continues\u201d with the Ethereum-based memecoin. To an X user, there are a few reasons why Neiro\u2019s has become an overnight sensation, including its \u201cSHIB-like narrative,\u201d \u201cconcentrated attention,\u201d and the \u201creturn of dog meta that always dominates Ethereum bull cycles.\u201d As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":632690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10923,92565,1785,79600,8323,92838,14127,92839,85699,92836,92837,83626,91907],"class_list":["post-632689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market","tag-dog-themed-token","tag-doge","tag-dogeusdt","tag-eth","tag-ethereum-memecoins","tag-ethreum","tag-kabosu","tag-memecoin","tag-neiro","tag-shiba-inu-token","tag-solana","tag-solana-memecoins"],"acf":[],"yoast_head":"\nNew Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days<\/title>\n<meta name=\"description\" content=\"A new memecoin sensation, Neiro, has taken the crypto market by storm after reaching a $200 million 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.\",\"url\":\"https:\/\/ktsl888.com\/author\/rubmargarcia\/\"}]}<\/script>\n","yoast_head_json":{"title":"New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days","description":"A new memecoin sensation, Neiro, has taken the crypto market by storm after reaching a $200 million market cap in less than a week.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\/","og_locale":"en_US","og_type":"article","og_title":"New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days","og_description":"A new memecoin sensation, Neiro, has taken the crypto 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.","url":"https:\/\/ktsl888.com\/author\/rubmargarcia\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days","url":"http:\/\/ktsl888.com\/news\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/ameya-sawant-S4fl_XZepkg-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/ameya-sawant-S4fl_XZepkg-unsplash.jpg?fit=1920%2C1101"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Rubmar Garcia"}],"creator":["Rubmar Garcia"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto market","dog-themed token","doge","dogeusdt","eth","ethereum memecoins","ethreum","kabosu","memecoin","neiro","shiba inu token","solana","solana memecoins"],"dateCreated":"2024-08-01T17:30:19Z","datePublished":"2024-08-01T17:30:19Z","dateModified":"2024-08-01T17:30:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/new-memecoin-sensation-neiro-hits-200-million-market-cap-in-four-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/ameya-sawant-S4fl_XZepkg-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/ameya-sawant-S4fl_XZepkg-unsplash.jpg?fit=1920%2C1101\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Rubmar Garcia\"}],\"creator\":[\"Rubmar Garcia\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto market\",\"dog-themed token\",\"doge\",\"dogeusdt\",\"eth\",\"ethereum memecoins\",\"ethreum\",\"kabosu\",\"memecoin\",\"neiro\",\"shiba inu token\",\"solana\",\"solana memecoins\"],\"dateCreated\":\"2024-08-01T17:30:19Z\",\"datePublished\":\"2024-08-01T17:30:19Z\",\"dateModified\":\"2024-08-01T17:30:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/ameya-sawant-S4fl_XZepkg-unsplash.jpg?fit=1920%2C1101","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/632689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/614"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=632689"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/632689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/632690"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=632689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=632689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=632689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}