DOGE coin owner launches new dogecoin Neiro, which surges by more than 67,600%, far more popular than Trump’s Bitcoin conference speech

In May this year, the death of Kabosu, the prototype of Dogecoin Shiba Inu, triggered the condolences of a large number of crypto communities.

The Japanese owner family of Kabosu announced on July 28 that they had welcomed a new member "Neiro" into the family, which instantly ignited the enthusiasm of the meme currency community.

Neiro token market trading volume surges

The trading volume of $NEIRO, which accounts for the largest trading volume, has exceeded US$400 million. An early investor bought 183 SOL at the opening. If calculated at the high selling price of US$0.1, the trader made a profit of approximately US$1.96 million.

Dexscreener data shows that NEIRO/SOL has increased by more than 67,600%.

Neiro is more popular than Trump’s Bitcoin conference speech

At the same time, Republican presidential candidate Donald Trump gave a speech at the 2024 Bitcoin Conference, saying that Bitcoin will become a strategic reserve asset and plans to fire U.S. Securities and Exchange Commission Chairman Gary Gensler after taking office.

However, the official announcement of the Kabosu owner seems to have a greater impact on the market.

Neiro's owner warns against scams

Neiro’s owner tweeted to emphasize that he had seen many Doge and Neiro’s crypto token projects, but none had copyrights except Own the doge.

I see many tokens related to Kabosu and Neiro. To clarify, I do not endorse any crypto project except @ownthedoge$dog because they own the original Doge photo and IP (which I gave to them) and are committed to doing only good everyday, charitable works, and Doge culture.

DOG prices also rise due to Neiro's influence

According to CoinMarketCap data, $DOG also rose due to Neiro’s arrival, but the increase was just over 10%. As seen in the case of DOGE, the meme coin market is expected to experience a boom due to the emergence of Neiro, despite the owner claiming copyright.

Investors should keep in mind that meme coins are highly volatile and require extensive research before making any moves.