Review of the Meme New Coin Neiro: Nearly 50 million USD market value in two days, with master trader Ansem joining to boost it
The timing of the emergence of Neiro-related meme coins is quite clever, but it is likely that there are people behind the scenes driving it.Author: 0xSun, Crypto KOL
Editor: BlockBeats
Editor's Note: Early yesterday morning, Trump's participation in the Bitcoin conference and his speech attracted the attention of many crypto users. Many users were eagerly waiting in front of their screens, hoping to find the next viral meme from Trump's remarks. However, a meme completely unrelated to Trump's speech suddenly went viral. This coin is Neiro, a meme coin named after the new pet of Kabosu, the owner of the Doge meme prototype. Just as Trump's speech concluded, Neiro quietly surged, attracting nearly fifty million dollars. The coin is deployed on both Ethereum and Solana, and there are even dozens of meme coins with the same name. However, Kabosu's owner stated that she only recognizes DOGE, and considers the others irrelevant projects. Crypto KOL 0xSun recapped his journey from paying attention to Neiro, to buying in at a high price, and making a profit on X.
Feeling a bit calmer, I want to write about the exciting events of last night. First, as everyone knows, Trump attended the Bitcoin conference. Such hot events are bound to see a flurry of meme coins. During Trump's speech, a keyword would appear roughly every three minutes, and each keyword would spawn ten tokens on PumpFun with the same theme, resulting in extremely high PVP, with almost no one managing to escape.
As the speech was nearing its end, Trump said, "Never Sell Your Bitcoin." I found this phrase quite memorable and shareable. Moreover, the end of the speech meant that no new keywords would emerge, so I bought $NSYB for 45 SOL, thinking this should be the leading coin of the night.
At that moment, I suddenly noticed a token named $Neiro had surpassed $NSYB in trading volume, which struck me as unusual because $NSYB's trading volume was already quite large. So, I immediately searched for relevant information and found that Neiro was the name of the new pet of the owner of the Dogecoin prototype, with a market cap of 600k at that time.
Normally, I would at least buy 20 SOL of such a coin as it belongs to a good narrative and is likely to be the first to run. However, last night, I was dazzled by the PumpFun related to Trump, and most of the coins didn't exceed 1M, which made me hesitant to act. I searched again and found that the news about Neiro had come out half an hour earlier. With these two factors combined, I surprisingly didn't buy it. After looking at other coins for a while, I returned to find that it was already close to 3M, and I was even less inclined to chase it. Thus, I watched as $Neiro surged to 45M in just 25 minutes, which is why I posted earlier expressing my frustration.
Not only that, but because all my attention and funds were absorbed by $Neiro, my $NSYB quickly went to zero. I then bought two of the earliest coins with the same name on ETH, thinking that Doge-related coins have historical relevance on the mainnet. At that moment, the two just happened to break even. This also reflects to some extent why SOL has become a new paradise for meme coins, as the coins emerging from PumpFun at least have safe contracts, and you only need to look at the holdings, while ETH's various taxes and methods like PiXiu are really quite disgusting.
During this time, @brc20niubi discovered that a fully capitalized $NEIRO was the earliest deployed, buying a significant amount with 5 SOL. Later, he made hundreds of thousands of U through trading the two coins, making him one of the most impressive operators today. This fully capitalized coin also became another main character in the following events.
Next, the most dramatic part began. Around 8 PM, Ansem woke up and tweeted, including a link to the K-line of the lowercase $Neiro. I couldn't resist the FOMO and chased in at 80M, also buying some uppercase $NEIRO. As a result, Doge's owner @kabosumama tweeted that she only supports the IP-holding @ownthedoge $dog, and that other tokens are irrelevant to her. $Neiro was affected and dropped to around 60M, and I added two more positions.
Even more absurdly, Ansem suddenly joined the Space for uppercase $NEIRO and began speaking. This caused an instant reversal, with $Neiro dropping from 70M to 20M in just a few minutes, while $NEIRO surged to nearly 40M. I cleared my position in uppercase $NEIRO, making 8000 U, but the lowercase $Neiro was already down 50,000 U at that point. However, I still thought this kind of market wouldn't just collapse in one go, so I bottomed out at 20M with 100 SOL. In the end, I managed to break even and clear my positions during the rebound to 50M. Although I didn't make much money after a night of turmoil, at least I avoided losses, which I consider an acceptable outcome. On Twitter, many people criticized Ansem for this incident, with many panicking and cutting losses or switching positions, leading to losses. It's unclear whether Ansem's actions were unintentional, a bearish move to find an opportunity to enter, or a way to showcase his immense influence through such antics.
The latest development is that Ansem has joined the Space for $Neiro again, establishing it as the leader, with its market cap returning to 70M, while several competitors on SOL and ETH are around 5M. This is one of the most miraculous markets I've ever seen because during the PumpFun internal trading period, quite a few retail investors bought in, so the chips should be quite dispersed, and the selling pressure would be significant. However, it surged from the internal market to 80M in a short time, which would be unlikely without strong capital manipulation. The timing of the launch was also quite clever, as the topic of Doge's owner's new dog emerged just after Trump's participation concluded, creating this meme coin. While there are coincidental factors, it is highly likely that someone is pushing it from behind.
