A new meme coin based on the Ethereum blockchain, dubbed the “official sister of Dogecoin,” has seen a 700% surge in just one day, pushing its market cap from $15 million to $146 million, while trading volumes have soared from $8 million to over $220 million.
Known as “First Nero,” this meme coin has risen by nearly 8,200% over the past six months since its launch.

To put this into perspective, a $1,000 investment made six months ago would now be worth $83,000. This surge has outpaced almost every other digital asset on the market, with early investors making huge profits.
The recent surge was fueled by Binance’s announcement of the listing of First Nero. This development led to a rush of new investors eager to get their hands on the coin, resulting in a massive surge in buying volume and a more than three-fold price increase in the space of 24 hours.

Despite its recent success, First Nero on Ethereum comes with its own set of challenges. Meme coins, including Dogecoin, are often driven by hype and can be extremely volatile in performance. As the excitement wears off, these coins could cause losses for investors.
In addition to First Nero, Binance also listed two new meme coins: Turbo and 1 Million Baby Doge, further fueling the meme coin hype.

It is worth noting that “Nero” is the younger sibling of Dogecoin, and aims to enhance the meme coin ecosystem. It combines the fun aspects of meme culture with the practical features of blockchain, with a focus on organic community growth through decentralized governance, staking, and active user interaction.
Inspired by the fun nature of Dogecoin, Nero seeks to establish itself in the cryptocurrency world by combining entertainment with practical applications of blockchain.
With a total supply of 1 billion coins, Nero promotes a community-centric approach with no transaction taxes and no team quotas. It is being touted as a huge opportunity, being compared to the meteoric rise of Dogecoin.