The next doge? Meme Shiba Inu -owner’s New Pups inspires official Cocoro Coin

Another dog, another coin? Yes, but this has a serious descent – and also an official stamp.

On Saturday, the DOG-Het collective owns that the exclusive IP rights has on the original Doge Meme that Dogecoin inspired that the Cocoro (Cocoro) launched on Ethereum Layer-2 Network Base.

The Base Meme Coin is named after the newest dog adopted by Atsuko Sato, the Japanese woman who owned the deceased Kabosu, depicted the Shiba Inu dog in the famous meme image on which Dogecoin was based. The Cocoro launch was coordinated with Sato’s first blog post about the newly adopted 10-year-old Rescue Pup, and owns the doge the IP around the dogs.

Cocoro quickly rose to market capitalization above $ 80 million on Saturday morning, although it has since been corrected to $ 46 million at a price of around $ 0.046 per token. According to a tweet, 75% of the tokens were locked to liquidity pools to facilitate trade, with another 20% to airdrops for dog and Neiro token holders and 5% left for the DAO reserve.

Pseudonymous owner of the Doge CEO Smoke told Decrypt Why the team chose to use Cocoro on the base, the Ethereum Scaler created by Coinbase, and noted that his earlier dog sizes have attracted a considerable number of holders on the network.

“We are big fans of what the basis does for the ecosystem. They made it quickly and affordably to build on scale on Ethereum,” said Smoke. “We have had a strong relationship with them since the beginning of last year, we currently have more than 1 million dog owner base.”

Dogecoin (Doge) was made in 2013 by Softwareers Billy Markus and Jackson Palmer as a joke, and without the permission of Sato. It became one of the most valuable cryptocurrencies in the world and fed a flourishing meme coin industry with millions of varied tokens.

The doge (DOG), on the other hand, was made after the acquisition of the IP -rights of the team of the original Doge Meme photo, which was launched on Ethereum in 2021. DOG rose in value on Saturday after the announcement of the Cocoro Move of the team, where Coetecko shows a 25% nail in value for token.

This is not the first time that a new currency has fallen based on Sato’s more recent adoptions. Last year, after she shared the adoption of a Shiba inu called Neiro, a flurry of unofficial meme coins was dropped on the market. Cocoros coordinated token launch with its own doge was intended to prevent this situation from taking place again.

In December De Doge announced that it acquired the Neiro IP license, and his Dao voted from token holders about which the token should get the official stamp, with satos blessing. An Ethereum-based Neiro token won the vote, but a contractual agreement with its own doge has yet to be completed from this letter.

That Neiro -token drops almost 14% on the day after the decoro announcement.