An announcement made by the owner of Kabosu (the dog that inspired Dogecoin) caused a stir in the cryptocurrency community. This announcement gave rise to many new meme coins, and one of the prominent ones was the Neiro token, which quickly gained a large market cap on the Ethereum chain.
The announcement came after Kabosu's owner shared on social media that he had added a new Shiba Inu to his family, named Neiro. Kabosu had inspired the creation of Dogecoin, and this new addition sparked huge interest in the crypto world, prompting the immediate launch of many meme coins. In the process, hundreds of Neiro-themed tokens were quickly issued on the Solana chain using the Pump Fun token generator. However, among these tokens, the Neiro token on Ethereum stood out as having the highest market capitalization, reaching approximately $109 million.