Dog-themed cryptocurrencies Dogecoin and First Neiro On Ethereum, bounded together by a "familial" connection, led the meme coin rally Sunday.
What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, which in turn was the inspiration for Dogecoin, pumped over 6% in the last 24 hours.
The Ethereum ETH/USD-based token recorded a 62% jump in trading volume over the last 24 hours.
Dogecoin, the biggest meme coin by market capitalization, rose just shy of 4%. It was the most traded meme token in the last 24 hours, with volumes hitting $1.35 billion.
| Cryptocurrency | Gains +/- | Price (Recorded at 11:30 p.m. EDT) |
| First Neiro On Ethereum (NEIRO) | +6.76% | $0.001608 |
| Dogecoin DOGE/USD | +4.96% | $0.1449 |
Unsurprisingly, the rally was spurred by tech titan Elon Musk’s X post, which included an image of DOGE showing its bulging biceps.
The Tesla CEO has been frequently mentioning DOGE in his X posts of late, causing the meme coin to record immediate but short-lived rallies.
The overall meme coin market cap rose 1.5% in the last 24 hours., though established coins like Shiba Inu SHIB/USD and Pepe PEPE/USD trended downward.
The broader cryptocurrency market picked up momentum on the weekend as oil prices tumbled after Israel’s attack on Iran avoided hitting the country’s oil infrastructure. Bitcoin BTC/USD spiked above $68,000 late in the evening before making a U-turn toward the mid-$6700 region.
Image via Shutterstock
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