Atsuko Sato, owner of Kabosu, the inspiration for Dogecoin, is privately supporting the philanthropic “Own The Doge” project. Sato emphasized her commitment to animal welfare and advocacy by introducing Neiro, a 10-year-old rescue dog. Following this, the meme coin NEIRO saw notable spikes amid controversy, with crypto experts labeling it as a potential ‘honey pot’ scam.
Neiro, inspired by Atsuko Sato’s new dog, has question marks?
As you’ve been following on Kriptokoin.com, meme coin projects are gaining a lot of traction in the crypto world, despite being risky. A new meme coin inspired by Neiro, the new dog of Atsuko Sato, owner of the original “Doge” dog, is attracting attention with significant trading volumes on DEXs. Meanwhile, Sato has distanced herself from the project, warning of potential scams circulating among crypto enthusiasts. This follows his relationship with Japanese kindergarten teacher Atsuko Sato, owner of Kabosu, the dog behind Dogecoin.
Atsuko Sato has publicly supported the Own The Doge project, a community-driven initiative that only owns the rights to the Doge image. Recently, Sato announced on social media that she does not support any new crypto projects linked to her or Neiro other than Own The Doge. This statement comes amidst a surge in Neiro-related tokens experiencing both gains and losses on various Blockchain platforms.
Atsuko Sato also shared details about her latest canine companion, Neiro. The 10-year-old rescue dog has had a difficult past with many adversities. Atsuko’s latest tweets in Japanese reveal that Neiro, which means “the color of sound,” will now enjoy a life of happiness and comfort. Despite the heartwarming news about Neiro’s adoption, concerns have arisen within the crypto community. A recent analysis by on-chain analytics platform Lookonchain points to potential ‘insider trading’ activities involving NEIRO. A developer allegedly exploited the market by buying 97.5 NEIRO tokens for SOL and then selling them, making a huge profit.
‘Honey pot’ claim for meme coin amid price surge!
Furthermore, crypto trader Wazz has flagged the NEIRO token on the Ethereum Blockchain as a potential ‘honey pot’ scam. According to Wazz, the token’s setup contains suspicious mechanisms that bypass automated security scans but could pose significant risks to potential investors by preventing new buyers from selling.
Despite the controversy, Coingecko’s latest data reveals a strong market reaction to the NEIRO token. The meme coin price surged 119.41% to $0.0521 during the day, with trading volume exceeding $261 million. This dramatic increase reflects the volatile nature of crypto markets, where investor sentiment can change rapidly based on new information and speculation.
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