Neiro Rockets 450% in 48 Hours, But Questions Swirl Over Safety

Neiro exploded onto the scene just 48 hours ago, with Neiro-themed tokens launching on Ethereum, Solana, and other chains all at the same time.

A new meme coin that hit the market just 48 hours ago has already delivered gains of more than 450%, sparking a buying frenzy among traders.

The token, which is named after the new dog of the original doge meme owner, has soared in value on Ethereum, Solana, and other بلاک چین networks simultaneously.

The buying frenzy has been fueled by the enduring popularity of the doge meme in the crypto community. Neiro, a new shiba inu, was adopted by Atsuko Sato, the original owner of Kabosu, the real-life shiba inu that inspired the doge meme.

The new token has soared in value as a result of the association, quickly becoming one of the top gainers on بلاک چین. However, questions are swirling over the legitimacy of the new meme coin.

The بلاک چین analyst Wazz posted a warning on X that the biggest $NEIRO token on Ethereum appears to be a honeypot. It is quickly attracting new traders and inflating the token price, but the بلاک چین بلاک can be modified by the owner.

This could allow the owner to sell a huge block of tokens and send the price cratering, wiping out the tokens of any new buyers.

“It bypasses most automated scan tests but owner is constantly calling AutomatedMarketMaker() with addresses, which modifies the transfer() function, likely blacklisting any new buyers. Most scans are not detecting this,” Wazz said.

Even if the warning turns out to be an overreaction, it is likely to be enough to chill further investment into $NEIRO. Trading volume appears to have leveled off around $22 million, which could be the beginning of the end for this meme coin’s pump.

That has left meme coin traders who missed $NEIRO—or are ready to get out—on the hunt for the next explosive meme coin.

Traders and analysts are zeroing in on Shiba Shootout as the next potential successor to the doge-themed hype.

This meme coin has created a Wild West-themed universe that is populated by shiba inu characters like Marshall Shib and the Shiba Sharpshooters. Anyone in the virtual town of Shiba Gulch can interact with the viral-ready characters or meet up with other users to swap meme trading stories over a campfire.

Shiba Shootout also offers a play-to-earn game, Shiba Sharpshooter, that is already available on iOS and Android devices. In the game, players have to be quick on the draw to outshoot competitors and earn $SHIBASHOOT tokens.

Shiba Shootout has even more planned, including giving $SHIBASHOOT token holders a say in governance over the future of Shiba Gulch and lotteries with significant crypto payouts. $SHIBASHOOT token holders can also stake their coins—the project is offering a staking rate of 1,121% APY during its presale.

All of this future development has crypto analysts excited about Shiba Shootout. Jacob ‘Crypto’ Bury, an analyst who specializes in picking red-hot meme coins, predicted that $SHIBASHOOT could jump 10x after launch.

The Shiba Shootout presale is off to a very hot start, raising more than $850,000. The next price increase is just 3 days away, so early investors need to hurry to lock in the best price for $SHIBASHOOT.

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