Meme coin Neiro pumps over 50%, hits new ATH

Meme coin Neiro gained over 50% in the last 24 hours, reaching a new all-time high with its latest rally.  

According to data from CoinGecko, Neiro surged by over 50% in a day, with its price reaching $0.00146 during the period. The token hit a new all-time high of $0.00149 earlier in the day.

Neiro hits $600 million market cap

The meme coin is trading in a 24-hour range between $0.0009749 and $0.001494. At press time, it is trading at $0.001439, with a market capitalization of $600 million.

A beneficiary of the recent meme coin mania, Neiro has surged by over 1700% in value over the last 30 days.

The coin has deleted four zeroes from its all-time low of $0.0000002438, recorded on August 1, 2024. In just two months, Neiro has skyrocketed by 59004.5% from its lowest point.

$Neiro (@neiroethcto ) surged by 51.2% today to $0.00146, hitting a new all-time high of $0.00149 earlier today. pic.twitter.com/7rV80C1f0F

— CoinGecko (@coingecko) October 7, 2024

Launched on July 28, 2024, the meme coin draws inspiration from a Shiba Inu dog named Neiro, owned by Atsuko Sato, the former owner of Kabosu.

The project positions itself as a community-managed initiative with a focus on charity and the motto “doing only good everyday.”

Neiro’s connection with Vitalik

Adding to the token’s intrigue was a brief involvement with Ethereum co-founder Vitalik Buterin. On August 3, Neiro announced that Buterin was the largest token holder, possessing 4% of the supply. However, this situation quickly changed as Buterin promptly sold all his tokens.

We are the people's $Neiro, on the people's chain, @ethereum.

And a little fun fact: @VitalikButerin is currently our largest holder. (4% of supply, ~$130k value as of the time of this post)

— Neiro (@neiroethcto) August 3, 2024

In response to Buterin’s sale, the project posted on X requesting that he donate some of the proceeds to a stray dog shelter.

Buterin later tweeted, “Charity donation done, covering all animal coins from the past year or so! That said, I appreciate it if coin holdings just get allocated to the charities directly.”

Even though altcoins are showing mild price hikes, meme coins are stealing the spotlight with their surges. According to CoinGecko data, the meme coin market cap is up by over 7%. It currently stands at $54 billion, thanks to the surge of cat and dog-themed meme coins.

Many coins in the meme category are up by over double to triple digits in the last 24 hours and seven days. SPX6900 (SPX) is the largest gainer with a 62% surge in the top 500 crypto list by CoinMarketCap. Neiro holds second place with its recent pump.