A new meme coin based on Atsuko Sato rocketed nearly 500% this week, kicking off the latest frenzy in the meme coin market.
Sato, a Japanese woman, owned Kabosu, the shiba inu behind the meme that inspired Dogecoin. After Kabosu’s death earlier this year, Sato adopted a new shiba inu named Neiro, which inspired a number of Neiro-themed meme coins on Solana and Ethereum.
The new token, Atsuko Sato ($SATO), has fallen to $0.007939 after hitting a high of $0.03775 yesterday. The token has an $8.27 million market cap and 24-hour trading volume of $18.88 million.
Sato Inspires Another Meme Coin, Reminiscent of $DOGE and $NEIRO Success
While Atsuko Sato has never been known to trade crypto herself, she has inspired billions of dollars of value in the meme coin market.
Sato’s first shiba inu, Kabosu, served as the inspiration for Dogecoin, which is now the 8th-largest cryptocurrency with a $14.6 billion market cap. $DOGE has minted hundreds of crypto millionaires thanks to its nearly 18,000% gain since the token was launched in 2013.
Sato’s newest pup, Neiro, kicked off a rush of Neiro-themed meme coins first on Solana, then on Ethereum. The original Neiro Ethereum rocketed nearly 20x after launch. Earlier this week, Binance listed a copycat token called First Neiro on Ethereum, which has rocketed more than 22x since the announcement.
Now, Sato herself is the focus of a new meme coin. $SATO launched last Wednesday, but didn’t see much attention until this week. Once it started to move, it quickly rocketed 483% and peaked at over $47 million in trading volume.
The token’s price is down just over 50% in the last 12 hours, but traders shouldn’t count $SATO out just yet. Similar fades in tokens like $DOGE, $NEIRO, and $PEPE have preceded massive pumps just a few days later. It’s possible that today’s consolidation is just the beginning for $SATO rather than the end.
The message behind $SATO can also help it maintain virality. According to the project’s website, the token is designed to celebrate the “power of love and kindness” and to ensure Sato’s “legacy of compassion endures.” The team behind $SATO plans to make donations to charities chosen by token holders in Atsuko Sato’s name.
Memebet Casino Caters to $DOGE, $NEIRO Holders, Raises $245k in ICO
While $DOGE has been around for more than 10 years and meme coins like $NEIRO have generated considerable value for traders, meme coin investors have long been excluded from one of the fastest-growing sectors of Web3: GambleFi. Most crypto gambling sites don’t accept meme coins, forcing investors to swap their hard-earned tokens in order to join.
A new project at the intersection of GambleFi and memes is looking to change that.
Memebet Casino will be the first crypto casino and sportsbook to accept meme coins like $DOGE, $SHIB, $PEPE, and more, giving meme coin investors and crypto ‘degens’ improved access to the GambleFi market.
Memebet Casino is also launching its own meme coin, $MEMEBET, to give players a more rewarding experience. Players who wager with Memebet tokens can earn rakeback on every bet, plus qualify for lootboxes, bonuses, and airdrop giveaways. The project has set aside 20% of its token supply for rewards, indicating just how much crypto is on the line for players.
The Memebet token presale has raised more than $245,000 in its first week, demonstrating the excitement meme coin investors have for the project. Meanwhile, analysts like Crypto Wire have backed the project, suggesting $MEMEBET could be the next token to explode.
For a limited time, early investors can lock in $MEMEBET tokens at a discounted price of only $0.0252. Don’t miss this opportunity to join the first meme-centric GambleFi platform.
