Neiro Tokens Civil War: Ethereum Emerges as Leader
A recent crypto civil war unfolded over the weekend as the owner of the dog that inspired the Doge meme announced the adoption of Neiro, a 10-year-old rescue Shiba Inu. The rivalry intensified as two Neiro-inspired Solana meme coins clashed, while an Ethereum token quietly surged ahead in the competition.
Ethereum Token Neiro on the Rise
Neiro on ETH, created just 14 minutes after the largest Solana Neiro token, gained traction as the battle ensued on Crypto Twitter. Surprisingly, amidst the chaos, Neiro on ETH maintained relative calm and closed the weekend with a market cap below $15 million, trailing behind both Solana coins.
- In the following week, with no clear winner emerging from the Solana conflict, meme coin speculators redirected their attention towards Ethereum.
- Neiro on ETH witnessed a staggering surge of 994% since Monday morning, resulting in a market cap of $137 million, surpassing both Neiro tokens on Solana and any other chain.
Is Neiro on ETH the Ultimate Neiro Token?
Many in the crypto community argue that Neiro on ETH represents the authentic Neiro token, sparking heated debates on Crypto Twitter. However, it’s crucial to note that none of the Neiro tokens hold a direct connection to the dog they are named after.
- The dog owner, known as “Kabosumama,” clarified on Twitter that she exclusively endorses OwnTheDoge among crypto projects, emphasizing their ownership of the original Doge photo and IP.
- Skeptics raised concerns about the sudden surge in interest for Neiro on Ethereum, with Bubblemaps warning investors about potential insider manipulation.
Insider Manipulation Concerns
Bubblemaps revealed that 78% of the Neiro on ETH token supply was acquired by 80 addresses within a single second, shortly after its launch. This raised suspicions of a possible case of “sniping,” where individuals with privileged information exploit the system for personal gain.
- Despite the substantial sell-off by the wallets holding Neiro on ETH tokens, doubts persist regarding any direct ties between the wallets and the token deployer.
- While some argue that supply control can be advantageous, critics question the ethics behind tactics like dispersing tokens across numerous wallets and exchanges.
Hot Take: Proceed with Caution
As the Neiro tokens saga unfolds, it’s essential for investors to exercise caution and conduct thorough due diligence before engaging with any of the projects involved. Stay informed and vigilant to navigate the ever-evolving landscape of meme coins and token battles in the crypto sphere.
Sources:
1. Neiro on ETH
2. Largest Solana Neiro token
3. $30 million market cap for Solana meme coin
4. $4.5 million market cap for another Solana meme coin
5. Tweet from Kabosumama
6. Bubblemaps warning to investors
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