COCORO Token: $100M Market Cap After Launch
COCORO Token Surges to $100 Million Market Cap
Atsuko Sato, renowned for creating the Doge meme featuring her Shiba Inu Kabosu, announced the launch of the official COCORO token. This new token, built on the Base blockchain, reached a fully diluted valuation of $100 million within an hour of its launch, according to GeckoTerminal data. This follows Sato's recent adoption of a new rescue dog, Cocoro, who inspired the token.
Key Developments
- Atsuko Sato officially launched the COCORO token on the Base blockchain.
- The token supports Sato and her charitable causes, addressing previous unauthorized token projects using her dogs' images.
- $100 million fully diluted valuation achieved within one hour of launch.
- 5% of tokens locked in liquidity pool, with claimable fees split between the DAO and Atsuko Sato.
- 20% of tokens allocated to airdrops for existing DOG and Neiro token holders.
- 5% DAO reserve for future development and community initiatives.
Sato previously faced unauthorized use of her dogs' likenesses for token projects. The COCORO token aims to prevent this, providing a transparent and officially sanctioned option. The initial liquidity pool launched with a $1 million fully diluted valuation to prevent early price manipulation.
Cocoro, a black Shiba Inu, joins Sato’s family alongside Neiro. Interestingly, the NEIRO meme coin experienced a 14% drop following the Cocoro adoption announcement, according to CoinGecko.
While the official COCORO token launch offers transparency, concerns remain regarding the legitimacy of Sato’s recent announcements, especially following past social media account hacks. Sato’s commitment to using the token to support children and animal welfare is a significant aspect of the project.
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