Dog-themed meme coin First Neiro On Ethereum (NEIRO) emerged as the biggest beneficiary of the Donald Trump-induced cryptocurrency market rally Wednesday.
What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, the inspiration of Dogecoin DOGE/USD and many dog-themed cryptocurrencies, swelled 53% over the last 24 hours.
The Ethereum ETH/USD-based meme coin saw its trading volume balloon 331% to over a billion in the last 24 hours, while its market capitalization approached $900 million.
Linked by a “familial” connection, NEIRO has followed DOGE’s rallies of late, but this time its returns vastly outperformed those of its sister coin.
Since its launch in August, NEIRO has been on a parabolic run, netting eye-popping returns of 46853.91%.
See Also: Will Donald Trump Prematurely Claim Victory? 5 Polymarket Markets To Watch On Election Night
DOGE, meanwhile, was up over 10%, riding high on Trump’s presidential victory and prospects of an Elon Musk-headed Department of Government Efficiency, or ‘DOGE.’
DOGE has risen 122% year-to-date, making it the best-performing cryptocurrency among the top ten biggest coins by market capitalization;
Price Action: At the time of writing, NEIRO was exchanging hands at $0.002126, up 53.20% in the last 24 hours, according to data from Benzinga Pro.
Photo by CMP_NZ on Shutterstock
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