Dog-themed meme coin FirstNeiro on Ethereum (NEIRO) on Monday defied the weakness of its sister coin Dogecoin DOGE/USD to become the best-performing cryptocurrency on the market.
What Happened: NEIRO, named after the Shiba Inu puppy newly adopted by Kabosu’s owner, who was the inspiration for DOGE and subsequent dog-themed cryptocurrencies, has increased by more than 19% in the past 24 hours It rose to become the market’s biggest gainer.
Trading volume for the coin surged 90% to $1.26 billion, making it the second most traded meme currency in the past 24 hours, surpassing the likes of DOGE and Shiba Inu SHIB/USD.
NEIRO soared to an all-time high of $0.001853, with a whale investor purchasing over 841 million coins (worth $1.45 million) in the past 24 hours, according to on-chain data. A trader with a portfolio worth $6.51 million received a $2.67 million windfall.
This rally fended off a 4% decline in DOGE, the largest meme coin by market capitalization. NEIRO has recorded a staggering 37174% increase since its launch.
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Why it matters: NEIRO’s official X account recently released a cinematic trailer touting NEIRO as the next big thing in the dog-themed meme coin space.
In fact, last month, popular DOGE investor SlumDOGE Millionaire offered a bullish prediction for the coin, predicting that NEIRO will become a cult like the original meme coin.
Price Trend: At the time of writing, NEIRO was trading at $0.001722, up 19.3% in the past 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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