Neiro is the latest meme coin to explode on Ethereum this summer, delivering a more than 350% gain in the last 24 hours and skyrocketing to a market cap of more than $70 million. The token has reminded everyone of the power of doge-themed memes and signaled that the bull run in meme coins is far from over.
With questions swirling over the legitimacy of Neiro, meme coin traders are already looking for the next explosive dog token—and they may have found it in Shiba Shootout. We’ll take a closer look at Neiro and evaluate Shiba Shootout’s potential to be the next meme coin to pump.
Neiro Rockets 450% in 48 Hours, But Questions Swirl Over Safety
Neiro exploded onto the scene just 48 hours ago, with Neiro-themed tokens launching on Ethereum, Solana, and other chains all at the same time. That spurred a buying frenzy, sending the most popular $NEIRO token on Ethereum up more than 450% in just 2 days.
The momentum is thanks to the lasting appeal of the original doge meme, which still holds huge sway in the meme coin community. Neiro is a new dog adopted by Atsuko Sato, the original owner of Kabosu—the real-life shiba inu who inspired the doge meme.
Neiro’s meteoric rise was a boon for traders who spotted the opportunity early, but it also created a conundrum. Many traders have been left to sort out which $NEIRO tokens are legit, and questions are swirling over whether many of the new $NEIRO tokens are real meme coins or potential scams.
Blockchain analyst Wazz posted a warning on X that $NEIRO on Ethereum may be a honeypot, attracting new traders and inflating the token’s price just to sell out a huge block of tokens and send the price cratering.
Even if the warning turns out to be an overreaction, it’s likely to be enough to chill further investment into $NEIRO. Trading volume appears to have leveled off around $22 million, which could be the beginning of the end for this meme coin’s pump.
That’s left meme coin traders who missed $NEIRO—or are ready to get out—on the hunt for the next explosive meme coin.
Could Shiba Shootout Explode Next?
Traders and analysts are zeroing in on Shiba Shootout as the next potential successor to the doge-themed hype.
This meme coin has created a Wild West-themed universe populated by shiba inu characters like Marshall Shib and the Shiba Sharpshooters. Anyone in the virtual town of Shiba Gulch can interact with the viral-ready characters or meet up with other users to swap meme trading stories over a campfire.
Shiba Shootout also offers a play-to-earn game, Shiba Sharpshooter, that’s already available on iOS and Android devices. In the game, players have to be quick on the draw to outshoot competitors and earn $SHIBASHOOT tokens.
Shiba Shootout has even more planned, including giving $SHIBASHOOT token holders a say in governance over the future of Shiba Gulch and lotteries with significant crypto payouts. $SHIBASHOOT token holders can also stake their coins—the project is offering a staking rate of 1,121% APY during its presale.
All of this future development has crypto analysts excited about Shiba Shootout. Jacob ‘Crypto’ Bury, an analyst who specializes in picking red-hot meme coins, predicted that $SHIBASHOOT could jump 10x after launch.
The Shiba Shootout presale is off to a very hot start, raising more than $850,000. The next price increase is just 3 days away, so early investors need to hurry to lock in the best price for $SHIBASHOOT.
