Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Kabosu's owner announced her new Shiba Inu dog, Neiro, on X, sparking the creation of numerous NEIRO tokens on Solana.
The trading frenzy propelled Solana's on-chain volumes to surpass Ethereum's, with the NEIRO deployer profiting $5.4 million from the token's popularity.Little did Kabosu’s owner know what was in store when she took to X on Sunday to announce her new Shiba Inu pet, Neiro., the owner of the popular Shiba Inu dog that inspired dogecoin, adopted a ten-year-old Shiba Inu dog named Neiro last week, calling her a “new family member.
Hundreds of Neiro, or Neiro-themed tokens, were issued on Solana token generator Pump Fun, with one quickly running to tens of millions in market capitalization. Later, some tradersthat while the token at a $100 million capitalization was the most popular, another one was actually the first one to exist – shifting dynamics and causing a brief sell-off.
Such pushed Solana to the forefront of total blockchain activity on Monday, with on-chain volumes surpassing those of Ethereum, the usual leader. Solana racked up $1.8 billion in trading volumes each on Sunday and Monday, DefiLlama data shows, while Ethereum did under $1 billion.
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