In the crypto market, the new generation of "Dogecoin" NEIRO once became the focus in 2024. As OKX and Binance successively launched NEIRO, its price soared more than 6 times, while its competitor lowercase Neiro gradually declined. The support of the exchange made NEIRO a hot topic of discussion in the crypto community, marking another industrialization phenomenon in the field of MEME coins.
Author: Gyro Finance. Ported by: Bosen Quantitative Consultant Xiao Sun (bosen0722)
The Beginning and Impact of Dogecoin
In 2013, Dogecoin (DOGE) debuted as a MEME coin with the image of Shiba Inu, and became even more popular in 2019 due to Musk's promotion. DOGE not only formed a huge community and became a representative of MEME culture, but also took advantage of this hot spot to stir up waves in the crypto market after the death of its real prototype Kabosu.
Neiro vs. NEIRO: The Legitimacy Dispute
The naming dispute between NEIRO and Neiro began in July 2024, when the creator named the Shiba Inu "ねいろ" (Neiro). Uppercase and lowercase versions of the tokens on Solana and Ethereum have appeared one after another, attracting a lot of attention from the market. Lowercase Neiro initially rose rapidly due to the support of KOLs, but when the creator stated that he supported tokens related to Dogecoin, lowercase Neiro fell sharply. Uppercase NEIRO's market value rebounded rapidly with the intervention of trader Ansem.
Insider trading exposure and price fluctuations
After the rapid growth of NEIRO tokens, Bubblemaps revealed that most of its tokens were allocated to internal accounts. This insider trading behavior did not prevent NEIRO's market value from continuing to soar in the short term, despite the market's doubts about the scandal. On the other hand, lowercase Neiro unexpectedly gained a new round of growth with the help of Vitalik's sale of MEME coins.
Exchange intervention and market dissatisfaction
The listing of NEIRO on OKX and Binance has sparked further debate in the MEME coin space. On the one hand, NEIRO's price has risen sharply with the support of exchanges, while on the other hand, lowercase Neiro has suffered a major setback. The market generally believes that MEME coins have gradually become a tool manipulated by exchanges and interest groups, rather than an asset freely chosen by the community.
The future development of MEME coin
The MEME coin market is moving towards industrialization, with hot tokens emerging one after another and the power of traders becoming more and more obvious. Despite this, users are still chasing new wealth opportunities, hoping to seize opportunities through clues. Just like the Wukong series of MEME coins driven by "Black Myth: Wukong", the battle for the same-name tokens will continue.
What should ordinary people do?
[No investment and financial advice, the cryptocurrency world is risky, so be careful when investing! ]
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