Unbeknownst to Kabosu’s custodian, a whirlwind of events would unfold following her announcement on X this past Sunday, introducing Neiro memecoin, her newly adopted Shiba Inu.

Kabosu, the iconic canine behind the inception of Dogecoin (DOGE), catalyzed the dog-themed memecoin phenomenon valued at an astounding $37 billion, encapsulating entities such as Shiba Inu (SHIB) and Floki (FLOKI). The beloved Kabosu, immortalized in both statuary and a memecoin worth $18 billion, passed away in May at the venerable age of 17.

However, the X account of Kabosu’s human, @Kabosumama, recently welcomed Neiro, a ten-year-old Shiba Inu, heralding her as a “new family member.” The initial wave of responses was overwhelmingly supportive, celebrating Neiro’s arrival. Yet, this sentiment quickly morphed into a fervent promotion of NEIRO tokens as enthusiasts seized the opportunity to mint tokens on Solana, capitalizing on Neiro’s newfound fame.

Read more: Will Shiba Inu Coin Reach $1? Experts Weigh In!

Solana’s token generator, Pump Fun, witnessed the issuance of hundreds of Neiro-themed tokens, one of which surged to a market capitalization of tens of millions. A notable twist emerged when traders realized that, although one token reached a capitalization of $100 million, another token was the original, sparking a brief sell-off and shifting market dynamics.

This revelation led to a frenzy where traders allocated resources and traded both tokens, culminating in two Solana tokens themed after Neiro memecoin. Together, they amassed an astonishing trading volume of $340 million.

Such vigorous trading activity propelled Solana to the apex of blockchain activity on Monday, with on-chain volumes eclipsing Ethereum, the usual frontrunner. According to DefiLlama data, Solana registered trading volumes of $1.8 billion on both Sunday and Monday, while Ethereum lagged below $1 billion.

As a result, the most popular NEIRO memecoin token’s price surge netted its deployer at least $5.4 million in profits. On-chain analysis tool Bubblemaps revealed in an X post that the deployer acquired a substantial portion of the initial supply using multiple wallets and sold as the token gained viral traction.

As of Tuesday, both NEIRO memecoin tokens are actively traded and listed on exchanges. Each community proclaims itself the legitimate successor to Dogecoin’s legacy, striving to replicate its success.

Nonetheless, Neiro’s custodian, @Kabosumama, disavows any association with these tokens. “I see many tokens related to Kabosu and Neiro. To clarify, I do not endorse any crypto project except @ownthedog $dog because they own the original Doge photo and IP,” she stated in an X post. “They are committed to doing only good every day, charitable works, and Doge culture.”