New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder – Benzinga

I own Dogethe group behind the original Doge Meme intellectual property has announced a new Meme coin with the name Heart (mind) was fired on top basethe Ethereum Layer-2 network developed by Coinbase.

what happened: Coin's debut coincided with his blog post from AtsukoSibainu, who influenced Dogecoin, the owner of the late Kabos, introduced Kokoro, a newly adopted 10-year-old rescue dog. The IP around Kokoro is officially managed by its own Doge.

Kokoro's market capitalization surged beyond $80 million shortly after its launch on Saturday, before falling to around $46 million in token prices, near $0.046. Toconomy shows that 75% of the supply was confined to the liquidity pool, 20% was distributed to dogs and neilo holders via airdrops, and the remaining 5% was allocated to the DAO reserve.

Also Read: Analysts Predict Mammoth 200% Surges for this DogeCoin and Shiba INU Competitor

Project pseudonym CEO, Smoke, I said Decryption with teams choosing base for scalability and affordability. “We're a huge fan of what the bass does for the ecosystem,” Smoke said. “They made it quick and affordable to build on Ethereum on a massive scale,” he added that their former token, the dog, has over a million owners on the base.

Dogecoin doge/usdIt was released in 2013 without Sato's approval and became one of the most valuable meme coins. In contrast, Own The Doge (Dog) was built after securing the rights to the original Doge Meme Photo in 2021 and gave it a formal IP foundation.

Coinbase Global Inc. coin and Robinhood Markets Inc. Food It's a remarkable platform with meme coin exposure. Investors can also look to things like ETFs ProShares Bitcoin Strategy ETF bit or Valkyrie Bitcoin Miners etf WGMI For broader cryptography-related plays.

Why is it important: After the launch of Cocoro, Dog increased its value by 25% per Coingecko data. Meanwhile, Neiro is another dog-based Meme Token adopted by Sato last year, dropping 14% after Kokoro's release. Neiro Token has won a DAO vote for official support, but no formal agreement has been signed yet.

The launch of Kokoro shows a change in the way that the meme coin tied to Sato's dogs was introduced, and is a deliberate attempt to create official pathways and IP clarity for future projects.

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