Original DOGE Owner Names New Pet Neiro, Solana Goes Crazy

Atsuko Sato was catapulted into history when a picture of her Shiba Inu, Kabuso, became one of internet culture’s most iconic memes.

Shortly after the death of the internet’s favorite pooch, Sato has again lit a fire under the cryptocurrency market by adopting a new dog. Named Neiro, the announcement of Sato’s second Shiba inspired a frenzy of onchain activity.

NEIRO Inspires 𝕏 Dogfight

Upon Sato’s announcement of her newly adopted Shiba, meme coin traders and token deployers swarmed onchain markets. On Solana alone, over 200 SPL tokens named ‘NEIRO’ were created, with thousands of creators trying to capture the market’s attention.

Neiro tokens exploded across the Solana ecosystem, generating a staggering amount of trade volume. Over a 24 hour period, Solana's NEIRO coins collectively witnessed over $942M worth of trading volume, eclipsing the total trade volume of every individual Ethereum Layer 2.

The vast majority of NEIRO trading volume and activity was split between two separate NEIRO tokens, NEIRO and Neiro, with each one claiming to be the ‘first’. 

Launched through no-code token creator platform pump.fun, one NEIRO token skyrocketed to reach an all-time high market capitalization of 59M within 24 hours and capturing over $355M in trading volume.

However, everything changed when Ansem, a popular trading influencer, joined an 𝕏 spaces promoting a different Neiro coin. Ansem’s presence in this rival Neiro caused significant disturbances in the power struggle between the coins, resulting in volatile price movements for both both assets.

Allegedly launched within pump.fun platform, the Ansem-endorsed Neiro coin witnessed a meteoric rise, spiking its market cap to as high as $123M. According to Neiro's supporters, the coin doesn't feature the trademark 'pump' tag at its contract address due to a bug in the platform.

Speaking exclusively with SolanaFloor, pump.fun representative Sapijiju was unable to confirm or deny these claims, diplomatically asserting that he was "not up to date."

The NEIRO dogfight wages on, with the respective communities of each asset claiming to be the main NEIRO coin of the Solana ecosystem. Over the course of several days, both meme coins have fluctuated and briefly outperformed each other.

At press-time, lowercase Neiro boasts a far more significant market capitalization, trading hands at a valuation of over $50M and enjoying over $2M in onchain liquidity. Meanwhile, upper-case NEIRO sits at a market cap of $16.2M, with roughly $1.5M in onchain liquidity.

Foul Play at Hand?

While both coins suffered their fair share of FUD attacks, onchain data suggests that Neiro was the victim of some early manipulation. 

According to Bubblemaps data, several wallets linked to the Deployer account accumulated over 6% of Neiro supply, making millions from the launch.

This further intensified claims of market manipulation from insiders and influencers, with Ansem getting caught in the crossfire.

Distraught, some meme coin traders are taking their displeasure with the internet personality to the streets to formally protest against his behavior. Ansem has reportedly received death threats following the event.

Neiro’s Owner Weighs In

Coming back to the innocent dog owner who started it all, Atsuko Sato was careful to keep her distance and avoid any affiliation with either token. 

Taking to 𝕏, Sato clarified that she doesn’t endorse any cryptocurrency asset other than $DOG. Coined, OwnThe Dog, the project owns the IP rights to the original DOGE photo. Sato cites the project’s charity efforts and their commitment to Dogecoin’s mantra of ‘Doing Only Good Everyday’ as a worthy focus of the crypto community’s attention.

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