Meme狂欢 night, Trump was "defeated" by a dog
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Meme狂欢 night, Trump was "defeated" by a dog
The biggest meme winner at the Meme Carnival Night wasn't the Trump concept, but Neiro, the new Shiba Inu of Kabosu's owner—the original Doge.
Navigating Web3 tides with focused insightsAuthor: Mia, ChainCatcher
Editor: Marco, ChainCatcher
The annual Bitcoin conference in the crypto world has long attracted widespread attention. With Trump, a prominent figure in the U.S. election race, publicly announcing he would deliver a speech, this year's event naturally became one of the hottest topics recently.
Where there is hype, memecoins often follow. Coinciding with Trump’s appearance bridging politics and crypto, this year’s Bitcoin Conference seamlessly turned into a memecoin night, supercharged by Trump’s spotlight.
However, the biggest meme winner that night wasn’t a Trump-themed coin, but Neiro— the new Shiba Inu owned by Kabosu, the original Doge dog’s owner.
Meme Factory During Trump’s Speech
After the earlier incident where phrases like “FIGHT” and “FEAR NOT” from Trump’s assassination attempt sparked memecoins, the crypto community had already sensed the potential before his speech. Discussions centered on what the next “Trump” theme might be, with major crypto influencers speculating: “What will Trump shout this time?” Some speculative traders even pre-deployed memecoins based on predictions, such as “Make Bitcoin Great Again ($MBGA)” or “flip the bitcoin.”
In reality, during the speech, Trump dropped a keyword roughly every three minutes. Perhaps unknowingly, each casual phrase was instantly transformed by netizens into a new meme project. A wave of Trump-themed coins began surging across blockchains. Near the end of the speech, when Trump declared, “Never Sell Your Bitcoin,” the phrase immediately inspired $NSYB, launching on PumpFun. According to dextools.io, there were dozens of memecoins using the ticker $NSYB, most of which ended up worthless or as scam “pi xiu” (rugged) projects.
Neiro Steals the Spotlight
Just as Trump’s crypto fans eagerly awaited his next slogan to ride the wave, the massive traffic was unexpectedly hijacked by Neiro, the new Shiba Inu adopted by Kabosu’s owner.
On July 28, Kabosu’s owner posted on social media that she had re-adopted a Shiba Inu named Neiro. That same day, the first Neiro token appeared on the Solana blockchain.
According to dexscreener.com, the Neiro project officially launched at 5 AM on July 28—right after Trump’s speech. At that moment, huge traffic from “Trump-themed” memecoins was flooding the chains, with everyone scrambling to find the next big dog. Neiro burst into public view with an opening surge of over 100x, and its trading volume quickly surpassed that of the trending $NSYB.
As Neiro continued to rise, more attention and capital shifted toward it. In contrast, $NSYB’s trading volume and price began to decline. Many trend-chasing memecoin traders started exiting $NSYB and flocked to Neiro. The night’s top performer dramatically shifted from $NSYB to $Neiro.
In fact, Neiro was deployed on both Ethereum and Solana, and dozens of similarly named memecoins emerged. Neiro’s breakout was also fueled by well-known trader Ansem.
As crypto KOL 0xSun noted, initial skepticism around Neiro was based purely on trading data. The real FOMO began when Ansem joined a Twitter Space discussion.
Ansem, who has 475,000 followers, tweeted around 8 PM on July 28 with a link to $Neiro’s chart, prompting some users to buy in under his influence.
But Ansem later appeared in a $NEIRO Space, confusing followers. According to 0xSun, "$Neiro's market cap plummeted from $70M to $20M within minutes, while $NEIRO surged to nearly $40M."
Shortly after, Ansem rejoined the $Neiro Space, pushing its market cap back to $70M. The massive inflow of buying pressure solidified $Neiro’s status as the night’s winning memecoin.
Catalyst Realized
With Trump’s speech at the Bitcoin Conference concluded, the anticipated bullish catalyst materialized. BTC responded by briefly breaking above $70,000, and the broader market rallied collectively.
However, in contrast, earlier Trump-themed memecoins like $Fight and $MAGA showed lackluster performance.
Data from CoinGecko shows $Fight continued its downward trend during the speech and, as of writing, had fallen 22.0% over the past 24 hours.
$MAGA peaked at $7.50 around 10 PM on July 27—the highest in seven days—but then began declining. As of writing, it had dropped 8% over 24 hours, falling to $5.28.
The newly launched $NSYB also performed poorly. After being dethroned by $Neiro, $NSYB was nearly halved and is now close to zero in value.
Even the night’s winners, $Neiro and $NEIRO, haven’t fared well since. $Neiro has dropped over 50% from its peak, while the official X account for $NEIRO was suspended.
Still, early deployers and buyers likely cashed out handsomely.
Data reveals that within just eight hours of launch, $Neiro on Solana achieved $429.4 million in trading volume with a cumulative gain of 74,948%; $NEIRO on Solana reached $194.2 million in volume with a 20,359% increase; and $Neiro on Ethereum hit $20.6 million in volume with a staggering 96,003% gain.
The $Neiro deployer spent 3 SOL (about $552) to buy 97.5 million tokens at launch, yielding approximately $2.85 million in profit. One early buyer turned $80,000 into $1.93 million on $Neiro—a 2,397% return. Meanwhile, the $NEIRO developer reportedly made $3.3 million.
Whether the Neiro-themed memecoin phenomenon will continue or was just a flash in the pan remains uncertain. Currently, @kabosumama, the owner of Doge’s prototype dog, posted on social media: “Seeing many tokens related to Kabosu and Neiro,” and clarified she “does not endorse any crypto projects other than Own The Doge (@ownthedoge) $dog.”
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