Shiba Inu Dog Owner Adopted Neiro, NEIRO Coin Price Soars!

Bittime - The popularity of Shiba Inu dogs in the world of coin memes is heating up after news of the adoption of Neiro, a new Shiba Inu adopted by Kabosumama, the original owner of the Doge meme inspiration, went viral. Kabosumama, best known as the owner of Kabosu which inspired Dogecoin and many other meme coins, announced his adoption of Neiro on Saturday. This news immediately spread and sparked an explosion in the meme coin market.

Source: X.com

Neiro's Presence in the Coin Meme World

Neiro, a 10-year-old rescued Shiba Inu, made headlines after his adoption announcement. Although no official Neiro tokens were released, the launch of several tokens named Neiro on the Solana blockchain soon followed. Meanwhile, Kabosumama clarified on Twitter that he does not support any crypto project except OwnTheDoge, which is a different project and is not related to Dogecoin.

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Neiro Token Controversy: Which One is Real?

Despite the clarification, the Neiro token launched on Solana attracted significant attention. One of the tokens reached a market cap of $89 million just three hours after Neiro was introduced. However, Crypto Twitter is divided as to which is the genuine Neiro token. Ansem, a well-known crypto influencer and meme coin trader, also complicated the situation by discussing these tokens on Twitter.

Ansem's Comments and Their Impact on the Market

Ansem even linked the new Doge token with the possibility of surpassing a $100 million market cap, linking to tokens with larger market caps. At that time, the first Neiro token had a value of $4.5 million, while the other tokens were closer to $90 million. Some people interpreted Ansem's comments during the Twitter Spaces session as support for larger tokens. However, Ansem himself stated that he had not invested in any of the tokens and preferred to wait for the market decision.

Market Capitalization Changes and Crypto Twitter Reactions

Tensions escalated during the Twitter Spaces session. The market capitalization of the first Neiro token jumped to $20 million, while the value of the larger token fell to $23 million. This change led to a crypto "civil war" regarding Neiro's authenticity. Ansem faced sharp criticism and even death threats due to his perceived influence on the market.

The Appearance of Other Themed Neiro Coins

Amidst this chaos, various other Neiro-themed coins emerged, including the Neiro Inu, Neiro Butt, and Neiro Wif Glasses. The Neiro-inspired meme coin on Solana generated higher trading volume on the decentralized exchange compared to any Ethereum layer-2 network, as reported by SolanaFloor.

Impact on Trading in Solana and Ethereum

The Ansem-backed token currently has a market cap of $71 million, while the first Neiro token fell to $12 million. Crypto Twitter remains divided over which is the genuine Neiro token. Meanwhile, Raydium, a DEX on Solana, processed $2.5 billion in trading volume over the weekend, benefiting from the meme coin's trading surge.

Conclusion

With the controversy continuing and new Neiro coins emerging, the crypto market will continue to monitor further developments and seek clarity on the true authenticity of the Neiro token.

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