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The launch of Cocoro (COCORO) marks a significant milestone in the meme coin arena, as it carries the official lineage from the beloved original Doge meme.
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This new coin is backed by Atsuko Sato, the owner of Kabosu, the Shiba Inu featured in the iconic meme, indicating a serious commitment to authenticity in the crypto space.
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“We are delighted to welcome the latest member of Atsuko’s family, Cocoro!” stated the team at Own the Doge, highlighting their excitement for the launch.
This article delves into the launch of Cocoro, the new licensed token from the original Doge meme owners, examining its implications for the meme coin market.
Cocoro’s Launch: A New Chapter in the Meme Coin Market
The introduction of Cocoro on March 8, 2025, has ignited discussions among crypto enthusiasts and investors alike. Utilizing the Base Ethereum layer-2 network, Cocoro aims to establish itself firmly within the meme coin ecosystem. With its market cap quickly exceeding $80 million, although it experienced a subsequent correction, the initial reception reflects a robust interest in this innovatively tied coin.
The Significance of Licensing in Cryptocurrency
The advantage of licensing sets Cocoro apart from many competitors. Regular meme coins operate without clear ownership, often resulting in a chaotic market landscape. However, with Sato’s endorsement, Cocoro presents an exemplary model of authenticity. CEO Smoke shared his enthusiasm regarding their collaborative efforts with Base, stating, “We are big fans of what Base is doing… making it fast and affordable to build on Ethereum at scale.” The team already boasts over 1 million DOG holders on Base, which reinforces their established community and outreach efforts.
Market Reactions and Future Implications
Upon its launch, Cocoro’s associated token, Own the Doge (DOG), witnessed a notable 25% increase in value, indicative of investor confidence in the project. The previous experience of meme coins based on Sato’s dogs reflects significant volatility; thus, the professionally coordinated launch intended to safeguard against unofficial tokens could pivotally reshape market behaviors. The tokenomics of Cocoro are also well thought out: 75% of tokens are locked in liquidity pools, 20% orienting towards airdrops for current DOG and NEIRO holders, emphasizing the project’s community-centric approach.
Maintaining the Legacy of the Original Doge Meme
Dogecoin’s inception was spontaneous and unsanctioned, a facet that remains a source of contention among its original figures. With the emergence of Cocoro, there is potential for a more regulated and legitimate avenue for meme coins. Own the Doge has vigilantly acquired intellectual properties surrounding the original Doge meme, seeking to create a more structured environment for future issuances. In December, the acquisition of the Neiro IP license further solidifies their focus on a legitimate framework for meme-related initiatives.
Conclusion
The emergence of Cocoro signifies more than just another meme coin; it embodies a commitment to authenticity, community engagement, and strategic collaboration within the crypto space. As it stands, Cocoro has already navigated initial volatility and secured substantial market interest. Moving forward, its success will largely depend on how effectively it can establish itself while maintaining the core values that stem from its heritage associated with the original Doge meme. This could potentially mark a pivotal shift in how meme coins are perceived and utilized within the broader cryptocurrency environment.
