In May this year, the death of Kabosu, the prototype of Dogecoin Shiba Inu, triggered the condolences of a large number of crypto communities.
The Japanese owner family of Kabosu announced on July 28 that they had welcomed a new member "Neiro" into the family, which instantly ignited the enthusiasm of the meme currency community.
The trading volume of $NEIRO, which accounts for the largest trading volume, has exceeded US$400 million. An early investor bought 183 SOL at the opening. If calculated at the high selling price of US$0.1, the trader made a profit of approximately US$1.96 million.
Dexscreener data shows that NEIRO/SOL has increased by more than 67,600%.
At the same time, Republican presidential candidate Donald Trump gave a speech at the 2024 Bitcoin Conference, saying that Bitcoin will become a strategic reserve asset and plans to fire U.S. Securities and Exchange Commission Chairman Gary Gensler after taking office.
However, the official announcement of the Kabosu owner seems to have a greater impact on the market.
Neiro’s owner tweeted to emphasize that he had seen many Doge and Neiro’s crypto token projects, but none had copyrights except Own the doge.
I see many tokens related to Kabosu and Neiro. To clarify, I do not endorse any crypto project except @ownthedoge$dog because they own the original Doge photo and IP (which I gave to them) and are committed to doing only good everyday, charitable works, and Doge culture.
According to CoinMarketCap data, $DOG also rose due to Neiro’s arrival, but the increase was just over 10%. As seen in the case of DOGE, the meme coin market is expected to experience a boom due to the emergence of Neiro, despite the owner claiming copyright.
Investors should keep in mind that meme coins are highly volatile and require extensive research before making any moves.
Bitcoin is outpacing traditional assets like gold due to increasing adoption by individuals and institutions. With political backing and a surge in value, it’s gaining traction as a reliable store of value, alongside stablecoins for everyday transactions.
JoyA man from China, Jiangsu, accumulated significant debt after losing money in cryptocurrency and gambling. To cover his losses, he committed fraud by borrowing against luxury cars he didn't own, which led to his arrest and a three-year prison sentence for contract fraud.
WeatherlyAt Trump’s Pennsylvania campaign, Elon Musk was asked if he'd lead a “Department of Government Efficiency.” He replied, “Yeah, Doge,” causing Dogecoin to surge over 10% to $0.1344, sparking speculation about whether it was coincidence or a strategic move.
KikyoElon Musk backs Donald Trump for the 2024 US presidential election, promoting both Trump and Dogecoin in a recent post. As political and financial worlds collide, Musk’s push for DOGE could spark a renewed rally for the meme coin.
SanyaFormer President Trump announced that he would be invited Elon Musk to head the Government of efficiency commission
XingChiElon Musk’s appointment of the Shiba Inu dog as a mascot for the Department of Government Efficiency and his ongoing support for Dogecoin have influenced both the cryptocurrency’s market activity and legal scrutiny of his promotional activities.
Xu LinElon Musk and Tesla were cleared of allegations that they manipulated the Dogecoin market, with the lawsuit dismissed due to lack of evidence.
Huang BoUS District Judge Alvin Hellerstein said Musk’s tweets about Dogecoin were "aspirational and puffery, not factual and susceptible to being falsified."
DanteElon Musk and Tesla won a $258 billion lawsuit claiming Musk manipulated Dogecoin's price through tweets. The judge dismissed the case, ruling that Musk's statements were just "aspirational puffery" and not reliable financial advice.
JoyElon Musk’s reaction to a potential cabinet role offered by Donald Trump has led to a notable 6% rise in Dogecoin’s price. The excitement reflects broader market trends and heightened attention in the context of the upcoming U.S. elections.
EdmundNeiro tokens surge in popularity following the announcement of Kabosu’s successor, while GINNAN tokens also see a sharp rise.
Huang BoMysterious Dogecoin whale accumulates over 226 million DOGE, valued at nearly $40 million, amidst market decline. Dogecoin struggles, losing 8.5% since Sunday.
EdmundDOGEHAT, a new Solana memecoin, poised for explosive growth akin to SHIB and DOGE. With potential returns of 2,000% to 5,000%, early investors eye substantial gains. Accessible via Solana DEXs, DOGEHAT could spark a new wave of memecoin millionaires amid larger memecoin stagnation.
EdmundBinance reports significant reserves of DOGE, SHIB, and XRP, exceeding user balances slightly. Ripple seeks extension in SEC lawsuit for discovery. Bitcoin wallet activity declines post-ETF approvals, signaling investor FUD.
EdmundDogecoin (DOGE) shows growth in new addresses, business adoption, and user popularity, contributing to its resilience in the cryptocurrency landscape.
EdmundA major DOGE transfer to Robinhood by a whale hints at potential market moves, amidst a period of relative stability for the cryptocurrency.
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Cheng YuanDogecoin (DOGE) famously started as a joke but is now one of the most popular cryptocurrencies on the market. Its ...
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