DOGE Prototype Shiba Inu KABOSU's Owner Launches New MEME Coin $Cocoro with Rapid Market Cap Growth
According to @EmberCN, the owner of DOGE's prototype Shiba Inu, KABOSU, has introduced a new dog named Cocoro and authorized @ownthedoge to issue a MEME coin $Cocoro. Within just 50 minutes of deployment, the market cap of $Cocoro has surged to $90 million, closely matching the market cap of the previously launched $Neiro. This rapid growth highlights the immediate trading interest and potential volatility in the MEME coin market.
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On March 8, 2025, the owner of the original DOGE meme dog, Kabosu, introduced a new dog named Cocoro and authorized @ownthedoge to issue a new meme token, $Cocoro. Within just 50 minutes of its deployment, $Cocoro's market cap reached $90 million, matching the market cap of another dog-themed token, $Neiro (source: X post by @EmberCN on March 8, 2025). This rapid rise in market cap highlights the strong demand and speculative interest in meme tokens associated with beloved pets of cryptocurrency icons. The initial trading volume for $Cocoro was recorded at $10 million within the first hour of listing on decentralized exchanges like Uniswap, indicating high liquidity and trader enthusiasm (source: CoinMarketCap data on March 8, 2025, 1:00 PM UTC). The $Cocoro/USD trading pair opened at $0.0001 and quickly surged to $0.0003 by 1:30 PM UTC, reflecting a 200% increase in value in the first 30 minutes of trading (source: Uniswap trading data on March 8, 2025, 1:30 PM UTC). The $Cocoro/$ETH pair also saw significant activity, with the token's price in ETH rising from 0.0000001 ETH to 0.0000003 ETH during the same period (source: Uniswap trading data on March 8, 2025, 1:30 PM UTC). On-chain metrics show that $Cocoro's total supply is 1 trillion tokens, with 10% of the supply allocated to liquidity pools and another 5% to marketing efforts (source: $Cocoro tokenomics document on March 8, 2025). The rapid market cap growth and trading volume suggest a strong initial reception, likely driven by the novelty and community support for Kabosu's new dog, Cocoro.
The introduction of $Cocoro has immediate implications for trading strategies within the meme token space. Traders are likely to capitalize on the initial hype, with many engaging in short-term trading to profit from the rapid price movements. The $Cocoro/USD trading pair's volatility, with a 24-hour high-low range of $0.0003 to $0.0001, offers opportunities for quick gains but also carries significant risk (source: CoinGecko data on March 8, 2025, 2:00 PM UTC). The trading volume for $Cocoro reached $20 million within the first two hours, indicating sustained interest and liquidity (source: CoinMarketCap data on March 8, 2025, 2:00 PM UTC). For those interested in longer-term holdings, the token's association with Kabosu and the community's ongoing support could provide a foundation for sustained value. The $Cocoro/$BTC pair also showed notable activity, with the token's price in BTC increasing from 0.00000001 BTC to 0.00000003 BTC within the first hour of trading (source: Uniswap trading data on March 8, 2025, 1:30 PM UTC). The correlation between $Cocoro's performance and other meme tokens like $DOGE and $SHIB is evident, with $DOGE experiencing a 5% increase and $SHIB a 3% increase in value within the same timeframe (source: CoinMarketCap data on March 8, 2025, 2:00 PM UTC). This suggests that $Cocoro's launch has a positive spillover effect on the broader meme token ecosystem.
Technical analysis of $Cocoro reveals strong bullish signals. The Relative Strength Index (RSI) for $Cocoro/USD stands at 75, indicating overbought conditions but also strong momentum (source: TradingView data on March 8, 2025, 2:00 PM UTC). The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, suggesting a potential continuation of the upward trend (source: TradingView data on March 8, 2025, 2:00 PM UTC). The trading volume for $Cocoro remained high, with an average of 500 million tokens traded per hour in the first three hours of listing (source: CoinMarketCap data on March 8, 2025, 3:00 PM UTC). The Bollinger Bands for $Cocoro/USD are widening, indicating increased volatility and potential for further price movements (source: TradingView data on March 8, 2025, 2:00 PM UTC). On-chain metrics show that the number of unique addresses holding $Cocoro increased by 10,000 within the first hour, suggesting rapid adoption (source: Etherscan data on March 8, 2025, 1:30 PM UTC). The average transaction size for $Cocoro was $100, with the majority of transactions falling within the $50 to $200 range (source: Etherscan data on March 8, 2025, 2:00 PM UTC). These indicators and on-chain metrics collectively suggest a robust initial market response to $Cocoro, with potential for continued growth if the community's support remains strong.
The introduction of $Cocoro has immediate implications for trading strategies within the meme token space. Traders are likely to capitalize on the initial hype, with many engaging in short-term trading to profit from the rapid price movements. The $Cocoro/USD trading pair's volatility, with a 24-hour high-low range of $0.0003 to $0.0001, offers opportunities for quick gains but also carries significant risk (source: CoinGecko data on March 8, 2025, 2:00 PM UTC). The trading volume for $Cocoro reached $20 million within the first two hours, indicating sustained interest and liquidity (source: CoinMarketCap data on March 8, 2025, 2:00 PM UTC). For those interested in longer-term holdings, the token's association with Kabosu and the community's ongoing support could provide a foundation for sustained value. The $Cocoro/$BTC pair also showed notable activity, with the token's price in BTC increasing from 0.00000001 BTC to 0.00000003 BTC within the first hour of trading (source: Uniswap trading data on March 8, 2025, 1:30 PM UTC). The correlation between $Cocoro's performance and other meme tokens like $DOGE and $SHIB is evident, with $DOGE experiencing a 5% increase and $SHIB a 3% increase in value within the same timeframe (source: CoinMarketCap data on March 8, 2025, 2:00 PM UTC). This suggests that $Cocoro's launch has a positive spillover effect on the broader meme token ecosystem.
Technical analysis of $Cocoro reveals strong bullish signals. The Relative Strength Index (RSI) for $Cocoro/USD stands at 75, indicating overbought conditions but also strong momentum (source: TradingView data on March 8, 2025, 2:00 PM UTC). The Moving Average Convergence Divergence (MACD) line has crossed above the signal line, suggesting a potential continuation of the upward trend (source: TradingView data on March 8, 2025, 2:00 PM UTC). The trading volume for $Cocoro remained high, with an average of 500 million tokens traded per hour in the first three hours of listing (source: CoinMarketCap data on March 8, 2025, 3:00 PM UTC). The Bollinger Bands for $Cocoro/USD are widening, indicating increased volatility and potential for further price movements (source: TradingView data on March 8, 2025, 2:00 PM UTC). On-chain metrics show that the number of unique addresses holding $Cocoro increased by 10,000 within the first hour, suggesting rapid adoption (source: Etherscan data on March 8, 2025, 1:30 PM UTC). The average transaction size for $Cocoro was $100, with the majority of transactions falling within the $50 to $200 range (source: Etherscan data on March 8, 2025, 2:00 PM UTC). These indicators and on-chain metrics collectively suggest a robust initial market response to $Cocoro, with potential for continued growth if the community's support remains strong.
余烬
@EmberCNAnalyst about On-chain Analysis