The prototype of Dogecoin, Shiba Inu Kabosu, passed away in May this year. A large number of crypto communities mourned for it, but the Japanese family that raised Kabosu announced on Twitter early yesterday (28th) that they had welcomed a new member "Neiro". This instantly ignited the Meme coin community that had the idea of issuing coins. In a short period of time, several NEIRO tokens have topped the popular list of on-chain transactions.
NEIRO surged 1,250 times in six hours
NEIRO, which has the largest trading volume, has a trading volume of more than $400 million. An early investor bought 183SOL at the opening. If the selling price is calculated at the high point of $0.1, the trader will make a profit of about $1.96 million.
Neiro owner reiterates that he does not endorse any other crypto projects except Own the Doge
The owner of Kabosu and Neiro tweeted that he had seen many Doge and Neiro crypto token projects, but none of them had copyright except Own the doge!
“I see a lot of tokens associated with Kabosu and Neiro. To be clear, I do not support any crypto projects except @ownthedoge$dog as they own the original Doge photos and IP (which I gave them) and are committed to doing good deeds, charity work and promoting Doge culture.”
Without copyright, can the Meme coin community be blocked? Definitely not
Under the influence of Trump's speech yesterday (28th) morning, Bitcoin first fell sharply and then rose sharply. After fluctuating below $68,000 for a long time, it once broke through $69,000 at around 8 o'clock this morning (29th). At the time of writing, it is currently trading at $68,722, up 1.01% in the past 24 hours.
Ethereum once broke through $3,300
Ethereum's trend is similar to that of Bitcoin, reaching a high of $3,306 at around 08:15 this morning. At the time of writing, it has fallen slightly back to $3,285, up 1.08% in the past 24 hours.
Top 10 Token Performance
The other top ten tokens also basically showed an upward trend. The largest increase was XRP, which rose 1.6% in the past 24 hours; the largest decrease was ADA, which fell 1% in the past 24 hours.
What volatility risks should we pay attention to this week?
Federal Reserve central bank interest rate decision meeting
The U.S. Federal Reserve will hold an FOMC meeting on July 31 local time. Although the market generally expects the Fed to remain on hold this week, many people may pay attention to Powell's post-meeting speech to see whether he will support expectations of a rate cut in September.
Tech giants release earnings reports
The US stock market will see more financial reports from important companies this week, including Microsoft, Apple, Amazon, and Meta, the "Big Seven in the US Stock Market". According to US Eastern Time, Microsoft will first release its financial report on Tuesday, followed by Meta on Wednesday, and then Apple and Amazon after the market on Thursday. Under the influence of the possible large fluctuations in the US stock market, Bitcoin may also be volatile, so investors should be careful of the risks.
