Meme Carnival night, Trump was 'defeated' by a dog

Author: Mia, ChainCacther

Editor: Marco, ChainCacther

As the annual Bitcoin conference in the cryptocurrency circle, it has always attracted attention from all walks of life. In addition, as the US election, The man of the hour Trump announced with a high profile that he would deliver a speech, and this conference has naturally become the most popular event in recent times.

The popularity is often accompanied by the birth of memecoin, which coincides with Trump’s speech across the political arena and encryption. It is logical that this Bitcoin Conference has become a memecoin night with Trump’s Buff addition.

But the biggest meme winner of the night was not the Trump concept, but the new Shiba Inu - Neiro, the owner of Doge's original Shiba Inu Kabosu.

During Trump’s speechMeme batch manufacturing

With the lessons learned from FIGHT and FEAR NOTFight in the previous Trump shootings, the crypto community had already smelled it before the speech. The flavor of memecoin has begun to be laid out, and the concept of the next "Trump" has become the focus of discussion. Major crypto bloggers are actively discussing "What will Trump shout?", and some local gamers even based their own opinions on The predictions deploy the corresponding memecoin in advance, similar to "Make Bitcoin Great Again ($MBGA)", "flip the bitcoin" and so on.

In fact, during Trump’s speech, a keyword appeared almost every 3 minutes. Perhaps he himself did not expect that these unintentional words would be shaped into new meme projects by netizens. All the "Trump" concept coins began to fly on the chain. Near the end of the speech, Trump said "Never Sell Your Bitcoin" and instantly became $NSYB and started to be launched on PumpFun. According to dextools.io, there are dozens of memecoins code-named NSYB alone, and most of them ended up at zero or Pixiu.

Neiro Cut Hu

Just when Trump’s crypto fans are eagerly waiting for Trump’s new slogan to hit the dog, this wave of unprecedented traffic was replaced by the owner of Doge’s prototype Shiba Inu Kabosu. Pet Neiro cut off the beard.

On July 28, the owner of Kabosu posted on his social media that he re-adopted a Shiba Inu and named him Neiro. On the same day, the first Neiro coin was generated on the Solana chain.

According to dexscreener.com data, the Neiro project was officially launched at 5 a.m. on July 28, just after Trump’s speech. At this time, huge traffic about the "Trump concept" was pouring into the chain, and everyone was eager to find the golden dog that night. Neiro burst into the public eye with a hundredfold increase in the opening price, and Neiro's huge trading volume suddenly It surpassed NSYB, the popular “Trump concept” that night.

As Neiro continues to rise, more and more attention and funds have begun to be sucked away by Neiro. In contrast, NSYB’s trading volume and currency price have begun to decline, and a large number of meme players chasing hot spots have begun to leave the market. Falling into the arms of Neiro, the golden dog that night dramatically changed from NSYB to Neiro.

In fact, Neiro has been deployed on both Ethereum and Solana, and there are even dozens of memecoins with the same name. Neiro’s emergence is inseparable from the encouragement of the well-known trader Ansem.

According to a post by crypto KOL 0xSun, at first they were dubious about Neiro only staying at the transaction data level, but the real Fomo started when Ansem joined Space.

Ansem, who has 475,000 fans, tweeted at around 8:00 on July 28 and attached the K-line link of $Neiro. With the blessing of this big V, some users began to buy $Neiro.

But Ansem later appeared in $NEIRO’s Space and spoke. This wave of tricks instantly confused the users who followed the purchase. According to 0xSun, at that time, “$Neiro’s market value fell from 70M US dollars to 20M US dollars in a few minutes. , while $NEIRO skyrocketed to nearly $40M."

Since then, Ansem has joined $Neiro’s Space again, and its market value has returned to US$70M. The huge amount of funds has also made $Neiro’s golden dog status well-deserved.

Good news comes to fruition

As the dust of Trump’s speech at the Bitcoin Conference settled, the good news began to materialize. In response, BTC rose to briefly exceed US$70,000, and the market also rose collectively.

However, in comparison, the previous "Trump concept" Meme led by $Fight and $MAGA has received a mediocre response.

According to coingecko data, $Fight still maintained a downward trend at the time of the speech, and as the benefits of the speech ended, it fell by 22.0% in 24 hours as of writing.

$MAGA currency price reached a peak of US$7.5 within 7 days at around 22:00 on July 27 before the speech, and then began to fall. As of the time of writing, the 24-hour drop reached 8%, and the currency price has fallen to US$5.28.

The market performance of the new dog $NSYB on the night of the speech was also worrying. After being squeezed out of the golden dog throne by $Neiro, $NSYB was directly cut in half, and the current currency price is almost zero.

The winners $Neiro and $NEIRO that night are not having an easy time either. $Neiro has fallen by more than 50% after a surge, and $NEIRO’s official X account has also been frozen.

But in fact, Neiro deployers and early buyers may have already made a lot of money.

According to data disclosure, in just 8 hours after the market opened, the $Neiro transaction volume on the Solana chain reached 429.4 million U.S. dollars, with a cumulative increase of 74,948%; the $NEIRO transaction volume on the Solana chain reached 194.2 million U.S. dollars, with a cumulative increase of 20,359%; Ether The transaction volume of $Neiro on Fangchain reached 20.6 million US dollars, with a cumulative increase of 96,003%.

$Neiro deployer spent 3 SOL (approximately US$552) to buy 97.5 million Neiro at the opening, making a profit of approximately US$2.85 million; an early buyer made a profit of 1.93 million on $Neiro with only US$80,000. US dollars, with a return rate as high as 2397%; and the developers of $NEIRO have also made a profit of US$3.3 million.

We don’t know whether the popular “Neiro” memecoin will continue to ferment or become a wave. Currently, @kabosumama, the “mother” of Neiro’s owner Doge prototype dog, posted on the social platform, “I see a lot of people talking about Kabosu Tokens related to Neiro", and stated that "except for Own The Doge (@ownthedoge)'s $dog, it does not recognize any encryption project."

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