New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder
Cocoro (COCORO), the new meme coin launched by Own the DOGE, the group behind the original Doge meme's intellectual property, has made its debut on Base, the Ethereum layer-2 network developed by Coinbase. The coin's market cap surged past $80 million after its launch, but dropped to around $46 million with a token price near $0.046. COCORO's tokenomics feature 75% of the supply locked into liquidity pools, 20% distributed via airdrops to DOG and NEIRO holders.
- The launch of Cocoro highlights the growing trend of meme coins being built on layer-2 networks, potentially changing the way new tokens are created and marketed.
- How will the ownership structure and governance model of COCORO influence its long-term success in the cryptocurrency market?