Ethereum's Neiro Token Surges Amidst Solana Meme Coin Feud
This past weekend, the crypto community witnessed a dramatic showdown after the owner of the dog behind the iconic Doge meme announced her adoption of Neiro, a 10-year-old rescue Shiba Inu. The announcement sparked a clash between two Neiro-inspired Solana meme coins, while an Ethereum token quietly surged ahead.
The Ethereum-based Neiro (NEIRO) token emerged just 14 minutes after the creation of the largest Solana Neiro token. As the battle raged on Crypto Twitter, the Ethereum Neiro token remained relatively unnoticed, ending the weekend with a market cap under $15 million—trailing behind its Solana counterparts.
However, as the week began and no clear victor emerged in the Solana skirmish, meme coin speculators shifted their attention to the Ethereum-based Neiro for a fresh opportunity.
By the time of writing, Neiro on ETH has soared by 3000% since Monday morning, achieving a market cap of $202 million. This figure surpasses that of both Solana Neiro tokens, as well as any other chain. The two Solana tokens now stand at $19 million and $8 million market caps, respectively, as interest pivots to the Ethereum version. Consequently, many now view Neiro on ETH as the definitive Neiro token—a debate that dominated Crypto Twitter throughout the weekend. Nonetheless, it's crucial to recognize that none of the Neiro tokens hold any genuine connection to the dog they are named after.
Kabosumama, the owner of Neiro, clarified on Twitter over the weekend that she does not "endorse any crypto project except OwnTheDoge because they own the original Doge photo and IP.” OwnTheDoge is a project that fractionalized the original Doge photo, transforming it into the coin DOG. This project is distinct from Dogecoin, which has no official ties to Kabosu.