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Dogecoin Creator's New Favorite Sparks Meme Frenzy Again, New Dogecoin "Neiro" Triggers Cryptocurrency Civil War

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The emerging dog-themed meme coin "Neiro" has surged over a hundredfold in the past week.

Solana Sparks Another Meme Craze

DefiLlama data shows that the trading volume of decentralized exchanges (DEX) on Solana has reached an astonishing $2 billion in the past 24 hours, far surpassing Ethereum, BNB Chain, and numerous Layer 2 and DEX trading volumes within the same time frame.

This surge is mainly attributed to the rise of the emerging meme coin "Neiro." Dexscreener data indicates that there has been a large number of projects named after Neiro launched in the short term, with a total trading activity exceeding $1 billion.

Origin of Neiro

Neiro originates from the owner of the dogecoin, Sato, who recently adopted a new Shiba Inu after the passing of the original dogecoin figure, Kabosu, in May of this year.

Sato also tweeted that she noticed many tokens named Neiro, but she only endorsed one crypto project, $dog by @ownthedoge, to which she personally granted the original Doge image and intellectual property. @ownthedoge focuses solely on charity and Doge culture.

According to Sato's Blog, she visits adoption websites daily after Kabosu's passing but has not found any results. Neiro seems to have not been adopted through the adoption website but rather met by chance. Sato mentioned that she will share more details in the future.

The Battle of Real vs. Fake Neiro

Data platform CoinGecko currently lists two Neiro tokens:

  1. Neiro: Market cap of $56.75 million, 24-hour change of 11.5%

  2. Neiro: Market cap of $122.11 million, 24-hour change of -39.8%

Both have alternated in the lead over the past two days and have their own supporters. Well-known KOL Ansem has also joined the fray, stating that the first Neiro is the legitimate one and that he will choose to invest once a winner is determined in the market.