Dogecoin Creator’s New Dog Inspires Meme Coin Neiro, But Investors Beware of Scams

• Atsuko Sato, Dogecoin inspiration, exclusively endorses the “Own The Doge” project for its charitable focus.
• Sato introduces Neiro, a 10-year-old rescue dog, highlighting her commitment to animal welfare and advocacy.
• NEIRO token sees 119.41% price surge amid controversy, flagged as a potential honeypot scam by crypto experts.

A new meme coin inspired by the owner of the original “Doge” dog, Neiro, is gaining attention with notable trading volumes on DEXs, its creator distanced herself from the project warning of potential scams circulating among crypto enthusiasts.

This follows its association with Atsuko Sato, the Japanese nursery school teacher who owns Kabosu, the dog behind the Dogecoin meme. Atsuko Sato has publicly endorsed only the Own The Doge project, a community-driven initiative with the rights to the Doge image.

Recently, Sato clarified 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 amid the rise of Neiro-related tokens on various blockchain platforms, which have experienced both gains and losses.

Atsuko Sato also shared details about her latest canine companion, Neiro. The 10-year-old rescue dog has endured a challenging past with many adversities. Atsuko’s recent tweets in Japanese reveal that Neiro, meaning “the color of sound,” will now enjoy a life filled with happiness and comfort.

Despite the heartwarming news of Neiro’s adoption, concerns have emerged within the crypto community. A recent analysis by Lookonchain suggests potential insider activities involving the NEIRO cryptocurrency. A developer allegedly exploited the market by purchasing and subsequently selling 97.5 NEIRO tokens for SOL, reaping a massive profit.

Furthermore, crypto trader Wazz has flagged the NEIRO token on the Ethereum blockchain as a potential “honeypot” scam. According to Wazz, the token’s setup includes dubious mechanisms that bypass automated security scans but may prevent new buyers from selling, posing significant risks to potential investors.

Despite the controversies, recent data from Coingecko reveals that the market has reacted strongly to the NEIRO token. Over the last 24 hours, its price surged by 119.41% to $0.0521, with a trading volume exceeding $261 million. This dramatic increase reflects the volatile nature of crypto markets, where investor sentiment can shift rapidly based on new information and speculations.