Review of the Meme New Coin Neiro: Nearly 50 million USD market value in two days, with master trader Ansem entering the market to boost it

Author: 0xSun, Crypto KOL

Editor: BlockBeats

Editor's Note: Early yesterday morning, Trump attended the Bitcoin conference and gave a speech that attracted the attention of many crypto users. Many users were waiting in front of their screens hoping to find the next viral meme from Trump's speech. However, a meme completely unrelated to Trump's speech suddenly went viral. This coin is Neiro, named after the new pet of Kabosu, the owner of the Doge meme prototype. Just as Trump's speech ended, 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 all others irrelevant projects. Crypto KOL 0xSun reviewed his process of following Neiro, buying in at a high price, and making a profit on X.

Feeling a bit calmer, I want to write about the exciting events from last night. First, everyone knows that Trump attended the Bitcoin conference, and such hot events are bound to see a flood 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 extreme PVP, with hardly any tokens managing to escape.

As the speech was nearing its end, Trump said, "Never Sell Your Bitcoin." I found this phrase quite memorable and shareable. Additionally, the end of the speech meant no new keywords would emerge, so I bought $NSYB for 45 SOL, thinking this should be the leader of the night.

At that moment, I suddenly noticed a token called $Neiro had actually surpassed $NSYB in trading volume, which struck me as unusual since $NSYB's trading volume was already very high. So, I immediately searched for related information and found that Neiro was the name of the new pet of the owner of the Dogecoin prototype dog, with a market cap of 600k at that time.

Normally, I would at least buy 20 SOL of such a coin to be safe, as it belonged to a good narrative and was the first to emerge as a leader. However, last night I was dazzled by the Trump-related PumpFun, and most of the tokens didn't exceed 1M, which made me hesitant to act. I searched again and found that news related to Neiro had come out half an hour earlier. With these two factors combined, I surprisingly did not buy it. After looking at other coins for a while, I returned to find it had already reached nearly 3M, and I was even less inclined to chase it. Thus, I watched $Neiro rise to 45M within 25 minutes, which is why I posted earlier expressing my frustration.

Moreover, because all my attention and funds were absorbed by $Neiro, my investment in $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 point, the two were just about breaking 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 contract safety and only require monitoring of holdings, while ETH has various taxes and other methods that are really quite disgusting.

During this time, @brc20niubi discovered that an all-uppercase $NEIRO was the earliest deployed, buying a large amount with 5 SOL, and later profited hundreds of thousands of u from trading the two coins, making him one of the most impressive operators today. This all-uppercase coin also became another main character in the following events.

Next, the most dramatic part began. Around eight o'clock, Ansem woke up and tweeted, including a link to the K-line of the lowercase $Neiro. I couldn't resist the FOMO and jumped 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, prompting me to add two more purchases.

Even more absurdly, Ansem suddenly joined the Space for uppercase $NEIRO and began speaking. This caused an immediate reversal, with $Neiro dropping from 70M to 20M within minutes, while $NEIRO surged to nearly 40M. I liquidated my uppercase $NEIRO and made 8000u, but the lowercase $Neiro was already at a floating loss of 50,000 u. Still, I thought this kind of market wouldn't just flow in one direction, so I bottomed out at 20M with 100 SOL. In the end, during the rebound to 50M, I broke even and liquidated. 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, there was a lot of criticism directed at Ansem due to this incident, with many people panicking and cutting losses or switching positions, leading to losses. I don't know if Ansem's actions were unintentional, or if he was trying to short and find an opportunity to get in, or if he was showcasing his immense influence through such a prank.

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, as during the PumpFun internal trading period, quite a few retail investors bought in, meaning the chips should be fairly dispersed, and the selling pressure would be quite large. However, in a short time, it surged from the internal market to 80M. Without strong capital manipulation, this would be quite difficult to achieve, including the timing of the launch, which was quite clever, as it coincided with the end of Trump's attendance, bringing up the topic of the Doge owner's new dog, creating such a meme coin. There are coincidental factors, but it is highly likely that someone is pushing it from behind.