While overall the overall market seems to be going through a period of consolidation, several meme coins are defying the odds and posting significant gains. Dog-themed meme coins Neiro Ethereum and DOGS have continued their upward trend with exchange listings for NEIRO and a record-breaking TGE for DOGS.
Meanwhile, recent analysis of blockchain data has revealed a surge in whale activity, with large investors pouring significant capital into the popular new meme coin ICO, Crypto All-Stars. The project has attracted attention with its unique MemeVault mechanism that gathers all the top meme coins onto one staking platform.
Neiro Ethereum Explodes by 550% After Binance, Crypto.com, and OKX Listings
Neiro Ethereum was listed by Binance, Crypto.com, HTX, OKX, and several other CEXs over the past 4 days. This successful tirade of listings helped propel the token up 551.81% in just one week.
While the Binance effect results in an average 41% price spike for tokens, meme coins often experience explosive growth when they start to attract attention. They’re volatile and can easily jump 100% in 24 hours in their early stages. Larger-cap meme coins can still post significant gains but with their higher market cap, these gains are diluted across the total supply.
This has been highlighted by Neiro Ethereum’s success with recent listings helping it to break into the top 20 meme coins just a few months after its launch in July
Neiro Ethereum has roots in some of the largest meme coins which may be contributing to its success. Dogecoin, the largest meme coin by market cap, was inspired by Kabosu, a Shiba Inu whose photo—taken in 2010—became the viral Doge meme. Although Kabosu tragically passed away this year, the owner has gotten a new Shiba Inu called Neiro.
This connection to the Doge meme and Dogecoin has helped boost the popularity of Neiro Ethereum, indicating the continuing popularity of both doge-themed and referential meme coins.
DOGS Holds Largest Token Generation Event with 17 Million Users
DOGS has been another breakout star this month after holding its TGE (Token Generation Event). The token launched on August 26th and already more than 17 million users have claimed their $DOGS tokens.
DOGS is Telegram’s very own dog meme coin and is inspired by a drawing of a dog called Spotty by Pavel Durov, the founder of Telegram. The dog quickly became popular in Russia and even became the mascot for Vkontakte, a popular Russian social media site, co-founded by Durov.
Since the arrest of Pavel Durov in France, the mascot has also become a symbol of resistance. The DOGS project hopes to build an even stronger community around Spotty. It’s based on the TON blockchain and DOGS held a huge airdrop where any Telegram user could claim $DOGS tokens. Users could also complete tasks and quests to earn more tokens.
According to TON, this token distribution caused a surge in activity on the TON network, with a total of 14.4 million transactions in one day. There are currently 4.5 million unique wallets holding DOGS—only USDT has more unique holders.
Like Neiro Ethereum, this showcases how meme coins—especially those with references to dogs—continue to defy the current bearish market sentiment.
Another token called Crypto All-Stars is also showing bullish momentum, as it passes the $1m mark in its presale.
Whales Set Their Sites on Crypto All-Stars – is this the Next Meme Coin to Explode?
Crypto All-Stars ($STARS) is quickly gaining traction in the crypto community with its innovative approach to meme coin staking, particularly through its MemeVault solution.
MemeVault is designed to pool various meme coins—some of which have seen declining interest—into a single staking protocol. This allows investors to generate returns in the project’s native token, $STARS, with meme coins that would otherwise be sitting idle in their wallets.
This unique approach is well suited to a bearish market as investors look to earn passive income from their tokens and whales are starting to take notice. On Monday, a whale acquired $50,000 worth of $STARS, amounting to approximately 34.9 million tokens.
Whale activity often signals the entry of smart money into a project. In the case of Crypto All-Stars, this could suggest a bright future for the project. Whales, typically well-informed, are known to make strategic investments based on detailed analysis and insider insights, which could imply that Crypto All-Stars is on the verge of explosive growth.
Crypto All Stars Price Predictions! These Are Some Seriously High Gains!
Currently, staking rewards on the MemeVault platform are set at an impressive 1,244%, highlighting the lucrative potential for early adopters. With over $1 million raised in the ongoing funding round, this price is expected to reach $0.0014419 in the next 48 hours.
Crypto All-Stars has also broadened its payment options, now allowing users to purchase $STARS using popular meme coins such as SHIB, PEPE, FLOKI, and DOGE, in addition to ETH, USDT, and BNB.
