Atsuko Sato, owner of Kabosu, the inspiration behind Dogecoin, is particularly supportive of the “Own The Doge” charity project. Sato underscored her commitment to animal welfare and advocacy by donating NEIRO, a 10-year-old rescue dog. NEIRO subsequently saw significant spikes amid the controversy, with crypto experts calling it a potential scam.
Nero, inspired by Atsuko Sato’s new dog, has question marks?
As you’ve been following on Kriptokoin.com , cryptocurrency projects are gaining traction in the crypto world, despite being fraught with risks. A new cryptocurrency inspired by Nero, the new dog of Atsuko Sato, the owner of the original “Dogecoin” dog, is attracting attention with large trading volumes on decentralized exchanges. At the same time, Sato has distanced herself from the project, warning of potential scams circulating among crypto enthusiasts. This comes after her relationship with Japanese kindergarten teacher Atsuko Sato, the owner of Kaboso, the dog behind Dogecoin.
Atsuko Sato has publicly announced her support for Own The Doge, a community-driven initiative that solely owns the rights to Doge’s image. Sato recently announced on social media that she does not support any new crypto projects associated with her or Neiro other than Own The Doge. This statement comes amid a surge in Neiro-related tokens that are seeing gains and losses on various blockchain platforms.
Atsuko Sato also shared details about her latest canine companion, Nero. The 10-year-old rescue dog had a rocky past with many hardships. Atsuko’s latest tweet in Japanese reveals that Nero, which means “color of sound,” will now enjoy a life of happiness and comfort. Despite the good news about Nero’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 Nero. One developer allegedly exploited the market by buying 97.5 Nero tokens for SOL and then selling them, making a huge profit.
‘Honey Pot’ Claim for Meme Coin Amid Price Rise!
Furthermore, cryptocurrency trader Wazz has described the NEIRO token on the Ethereum Blockchain as a potential scam. According to Wazz, the token setup contains suspicious mechanisms that bypass automated security checks but could pose significant risks to potential investors by preventing new buyers from selling.
Despite the controversy, CoinGeek’s latest data reveals a strong market reaction to the Nero token. The meme coin’s price surged 119.41% to $0.0521 on the day, with trading volume surpassing $261 million. This massive surge reflects the volatile nature of crypto markets, where investor sentiment can change quickly based on new information and speculation.
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