Retrospective on the MEME new coin $Neiro: How it stole the spotlight from Trump.

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Sato
07-29
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Original source: 0xSun

I feel much calmer now, so I will write about the exciting events of last night. First of all, as everyone knows, Trump attended the Bitcoin conference. This kind of hot event must have meme coins flying all over the place. When Trump was speaking, a keyword would appear almost every 3 minutes, and for each keyword, 10 tokens with the same theme appeared on PumpFun. The result was extremely PVP, and basically no one escaped.

Near the end of his speech, Trump said "Never Sell Your Bitcoin", which I think is quite memorable and spreadable. In addition, the end of the speech means that there will be no new words, so I bought 45SOL of $NSYB at a high price, thinking that this should be the leader tonight. At this time, I suddenly found that the trading volume of a token named $Neiro @neirosol exceeded $NSYB, which made me feel very abnormal, because the trading volume of $NSYB was already very large at that time, so I immediately searched for relevant information and found that Neiro was the name of the new pet raised by the owner of the Dogecoin prototype dog, and the market value at that time was 600k.

Normally, I would buy at least 20SOL for this kind of coin as a protection, because it is a leader with a good narrative that came out first. However, I was dazzled by the Trump-related PumpFun last night, and most of them did not exceed 1M, which made me reluctant to operate. I searched again and found that the news about Neiro came out half an hour ago. With these two factors combined, I did not buy it. I looked at other coins for a while, and when I looked back, it was almost 3M. I didn’t want to chase high prices, so I watched $Neiro rise to 45M in 25 minutes. That’s why I posted the previous tweet expressing my depression.

Not only that, because all the attention and funds were sucked away by $Neiro, the $NSYB I bought quickly returned to zero, and then I bought the two earliest coins of the same name on ETH, thinking that Doge-related coins have relevant history on the mainnet, and the two just offset their profits and losses. In fact, this can also reflect to a certain extent why SOL has become the new paradise of Meme coins, because the coins from PumpFun are at least safe in contract, and only need to look at the position, while ETH's various taxation, Pixiu and other methods are really disgusting. image

During this period, the second brother @brc20niubi found that there was an all-capital $NEIRO that was deployed first. He bought a lot of chips with 5SOL, and then made hundreds of thousands of U by swinging the two coins. He was one of the most powerful people today, and this all-capital coin also became another protagonist in the following text. The most dramatic part began. Around 8 o'clock, Ansem woke up and tweeted, and attached a K-line link of lowercase $Neiro. I couldn't help but chase the high of 80M and bought some uppercase $NEIRO. As a result, Doge's owner @kabosumama tweeted that she only supported @ownthedoge $dog, which had IP rights, and other tokens had nothing to do with her. $Neiro was affected and fell to around 60M, and I added two more.

imageWhat's even more outrageous is that Ansem suddenly joined the Space of $NEIRO and started to speak. This caused a two-level reversal. $NEiro fell from 70M to 20M in a few minutes, and $NEIRO soared to nearly 40M. I liquidated the uppercase $NEIRO and made 8,000u, but the lowercase $Neiro had a floating loss of 50,000u. However, I still thought that this kind of plate would not be a one-wave flow, so I buy the dips 100SOL at 20M, and finally took advantage of the rebound to 50M to recover the cost and liquidate the position. Although I didn't make any money after a night of tossing, I avoided losses anyway, which is an acceptable result. Ansem was scolded on Twitter because of this incident. Many people panicked and sold or changed positions, resulting in losses. I don't know whether Ansem did it unintentionally, or was shorting to find an opportunity to get on board, or was using this prank to show his huge influence.

The latest development is that Ansem has joined $Neiro's Space again, establishing the leader, and the market value has returned to 70M, while several other competitors on SOL and ETH are around 5M. This is also one of the most amazing plates I have ever seen, because there were quite a lot of retail investors buying during the PumpFun internal market, and the chips are supposed to be quite dispersed, and the selling pressure will be relatively large, but it is unlikely to rise from the internal market to 80M in a short period of time without strong capital operation, including the timing of the launch is also quite clever, the topic of Doge owner's new dog appeared at the time when Trump's meeting just ended, creating such a Meme coin, there are coincidence factors, but it is likely that someone is behind it.image

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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