New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days

Quick Summary:

Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the token’s supply and eventually sold it for $5.7 million.

Investors seemed unfazed by the reports, with many calling the report "bullish news.” Others expressed excitement by the firm’s "fudding,” stating, "A lot of the most successful memes require supply control.” Related Reading: Solana Looks Ripe To Push Higher’, Is A Mania-Like Rally To $600 Coming?

To an X user, there are a few reasons why Neiro’s has become an overnight sensation, including its "SHIB-like narrative,” "concentrated attention,” and the "return of dog meta that always dominates Ethereum bull cycles.” As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Memecoin Solana Ethreum Doge Cryptocurrency Market News Dog-themed token ETH NEIRO Crypto market Dogeusdt Ethereum Memecoins Shiba Inu token Kabosu Solana memecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 17:30:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 76 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21888563

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 15 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions