$NEIRO

•Keywords:

Neiro Ethereum (NEIRO) is one of the neiro-themed meme coins that emerged after a pet owner’s X post whose dog Kabosu was synonymous with the birth of the meme.

Despite the controversy, the meme coin gained over 350% within 24 hours of its launch.

•What is Neiro Ethereum (NEIRO)?

Neiro Ethereum (NEIRO) is an ERC-20 meme coin designed around the decade-old Shiba Inu coin in Neiro. The new meme coin, which was created on the Ethereum (ETH) blockchain, is one of many Neiro-themed tokens that have been flooding the market.

Shortly after the launch of the Ethereum network, Neiro Ethereum surged over 350%, reaching a market capitalization of over $70 million in 24 hours. Neiro Ethereum, launched on July 28, 2024, stands out from the flurry of meme coins coming out of the Solana (SOL) ecosystem. Its developer chose to focus on Ethereum users rather than Solana, which attracted a lot of attention.

•Neiro Ethereum Tokenomics

The initial total supply of NEIRO was 1 billion, with almost all of those tokens. According to the token’s website , the liquidity tokens were burned to avoid taxes when buying and selling NEIRO tokens.

•Conclusion:

Despite the controversy, the recent gains of various NEIRO tokens show that the meme coin culture is still very much alive. Neiro Ethereum has achieved spectacular gains thanks to its fierce community. The token remains one of the trending cryptocurrency tokens and could be well on its way to becoming one of the best meme coins in the crypto world. However, it should be noted that some ambiguous red flags have been reported and it is advisable to wait a bit longer and see how NEIRO deals with these concerns.