Author: 0xSun, Crypto KOL
Editor: BlockBeats
Editor's note: Yesterday morning, Trump attended the Bitcoin Conference and delivered a speech, attracting the attention of many crypto users. Many users squatted in front of the screen hoping to find the next hit meme from Trump's speech. However, a meme that has nothing to do with Trump's speech suddenly became popular. The coin is Neiro, a meme coin with the same name as the new pet of the owner of Kabosu, the Shiba Inu prototype of the Doge meme. Just after Trump's speech, Neiro quietly pulled up the market and absorbed nearly 50 million US dollars. The coin is deployed on both Ethereum and Solana, and there are even dozens of copycat memes with the same name. However, Kabosu's owner said that he only recognizes DOGE, and all others are unrelated projects. Crypto KOL0xSun reviewed his process from paying attention to Neiro to chasing highs and making profits on X.
I have calmed down a lot 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 each keyword had 10 tokens with the same theme appearing on PumpFun. The result was extremely PVP, and there was basically no way out.
Towards the end of his speech, Trump said "Never Sell Your Bitcoin", which I think is quite memorable and contagious. Plus, the end of the speech meant there would be no new words, so I bought $NSYB at a high price of 45SOL, thinking that this should be the leader tonight.
At this time, I suddenly found that the trading volume of a token called $Neiro exceeded that of $NSYB, which I found 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 its 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 highs anymore, 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 main network, and the two are just offsetting 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.
During this period, the waiter @brc20niubi discovered that there was an all-capitalized $NEIRO that was deployed earliest. He used 5SOL to buy a lot of chips, and later made hundreds of thousands of u by trading the two coins. He was one of the most powerful people today, and this all-capitalized coin has also become another protagonist below.
Then the most dramatic part began. At about 8 o'clock, Ansem woke up and tweeted, and attached a K-line link of lowercase $Neiro. I couldn't resist the Fomo emotion and bought in at 80M. I also 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, so I added two more transactions.
What’s even more outrageous is that Ansem suddenly joined the space of capital $NEIRO and started to speak. This caused a two-level reversal in an instant. $Neiro fell from 70M to 20M in a few minutes, and $NEIRO soared to nearly 40M. I liquidated my capital $NEIRO and made 8000u, but my capital $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 bought 100SOL at the bottom of 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 tossing around all night, I avoided losses anyway, which is an acceptable result. Ansem was scolded on Twitter because of this incident. Many people panicked and sold their stocks or changed their positions, resulting in losses. I don’t know whether Ansem did this unintentionally, or was shorting to find an opportunity to get on board, or was using this prank to show his huge influence.
The latest progress is that Ansem has joined $Neiro's Space, established 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 pull it up 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's owner's new dog appeared at the time when Trump's meeting just ended, creating such a Meme coin. There are coincidental factors, but it is likely that someone is behind it.
