Dog coin owner's new favorite has sparked a new wave of meme fever, with the new dog coin Neiro triggering a crypto civil war.

The emerging dog meme coin “Neiro” has increased more than 100 times in the past week.

Solana sparks another meme craze

DefiLlama data shows that the transaction volume of DEX on Solana chain reached a staggering US$2 billion in the past 24 hours, which is much higher than the transaction volume of Ethereum, BNB Chain and many Layer 2 and DEX in the same time period.

This is mainly due to the rise of the emerging dog meme coin "Neiro". Dexscreener data shows that a large number of projects named Neiro have been launched in the short term, with total transaction activity exceeding US$1 billion.

Origin

The origin of Neiro comes from the new Shiba Inu adopted by Sato, the owner of Dogecoin, after the death of Dogecoin's original figure, Kabosu, in May this year.

Sato also tweeted that she had noticed the emergence of many tokens named Neiro, but she did not endorse any encryption projects, except for @ownthedoge ’s token $dog. She personally granted the original Doge image and IP, and @ownthedoge only focuses on charity and Doge culture.

According to Sato's blog , she visited the adoption website every day after Kabosu's death but with no results. It seems that Neiro was not adopted on the adoption website, but met by chance. Sato said that he will tell more details in the future.

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. pic.twitter.com/9qsycpdQGV

— かぼすママ(@kabosumama) July 28, 2024

True and False Neiro Civil War

Data platform CoinGecko currently lists two Neiro tokens:

1. Neiro : Market value 567 (US$57.82 million), 24H increase of 11.5%

2. Neiro : Market value 1,221 (USD 13.27 million), 24H increase -39.8%

The two exchanged leads many times in the past two days and each has its supporters. The well-known KOL Ansem also joined the battle. He believes that No. 1 Neiro is the orthodox one and said that he will choose one to invest after the market chooses the winner.

CTJf74cTo3cw8acFP1YXF3QpsQUUBGBjh2k2e8xsZ6UL https://t.co/lTBm4kUIex

— Ansem 🐂🀄️ (@blknoiz06) July 28, 2024