Introduction
Cryptocurrency enthusiasts are no strangers to the power of memes in driving the popularity of certain coins. Dogecoin, inspired by the Shiba Inu dog Kabosu, is one of the most notable examples. However, the recent adoption of Neiro, a 10-year-old rescue dog by Kabosu's owner, has sparked a new wave of meme coins. Among these, the story of $Neiro stands out, with its battle for legitimacy in a market plagued by scams and manipulations.
The Birth of $Neiro
Following the announcement on X (formerly Twitter) by Kabosu's owner about adopting Neiro, the crypto community quickly responded by creating meme coins. Two primary coins emerged: the original $Neiro (OG Neiro) and a second coin backed by influential figures, often referred to as Key Opinion Leaders (KOLs). The OG Neiro was created two hours before the second coin, leading to a fierce battle for recognition.
The Battle for Legitimacy
The second Neiro coin, although heavily promoted by KOLs, was exposed as a scam by tools like Bubblemaps and DogWifTools. The dev of the scam coin reportedly made $6 million from the launch, with the KOLs normalizing this behavior, which is generally considered unethical. DogWifTools and Bubblemaps provided crucial evidence, showing that the second coin was essentially a cabal and a slow rug pull.
Evidence from DogWifTools and Bubblemaps
DogWifTools revealed that the scam Neiro coin's developers tried to manipulate their contract address (CA) to mimic the OG Neiro's address. They managed to match the prefix "CT" but failed to replicate the full "CTg3ZgYx79zrE1MteDVkmkcGniiFrK1hJ6yiabropump" address. This manipulation attempt was evident in the deployment script they used.
Bubblemaps further exposed the scam by showing interconnected addresses linked to the deployer of the fake $Neiro. The data revealed that the scam's developer sold tokens worth $5.7 million while holding 6% of the supply, indicating a premeditated rug pull.
The OG Neiro Community's Fight
The OG Neiro community faced significant challenges due to the misleading promotions by the KOL-backed scam coin. Despite this, the community remained bullish and continued to push for recognition. Their persistence and transparent communication helped them gain trust and support from the wider crypto space.
Community Actions
The OG Neiro coin had a natural bonding curve, unlike the manipulated bonding of the scam coin, which was shot directly into Raydium. Additionally, some individuals reported inconsistencies regarding the scam coin's launch and its presence on platforms like Photon and Pump Fun, further casting doubt on its legitimacy.
Conclusion
The story of $Neiro highlights the ongoing battle between genuine projects and fraudulent schemes in the cryptocurrency world. The OG Neiro community's resilience and the efforts of analysis tools like DogWifTools and Bubblemaps in exposing scams play a crucial role in maintaining transparency and trust in the market. As the community continues to grow, the true potential of $Neiro is bound to unfold.