'New SHIB,' 'DOGE Successor' Ends up Being Insider-Controlled

NEIRO: Ethereum Token Tied to Shiba Inu Meme Accused of Whale Domination

NEIRO, an Ethereum-based token associated with the Shiba Inu "Kabosu" meme, has come under scrutiny for alleged whale domination.

Insiders Control Over 78% of Supply

According to a report by Bubblemaps researchers, at launch, 78% of NEIRO's supply was acquired by whales through sniping across 80 addresses. Each address managed to secure approximately 1% of the supply.

Profit Exceeds $4.5 Million

The tokens were subsequently distributed to 3,000 additional addresses. These insider-controlled wallets have cautiously sold NEIRO, accumulating profits estimated at over $4.5 million.

Hype Fueled by New Pet Announcement

Recent excitement surrounding NEIRO stems from the announcement of a new pet by the owner of Kabosu, the original meme mascot for Dogecoin and Shiba Inu.

Ethereum Version of NEIRO Popular

Despite the hype around Solana-based meme coins, the Ethereum version of NEIRO has remained dominant. This was acknowledged by Su Zhu, founder of the defunct Three Arrows Capital firm, who suggested that NEIRO's success on Ethereum is positive for the cryptocurrency itself.

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