The tactics of MEME coin RUGs are evolving, with a new type of bundled rat trading becoming increasingly common. On July 31, Bubblemaps exposed that the $NEIRO token issued on Ethereum had a large amount of internal rat trading, with about 78% of the tokens being pre-allocated and then transferred to over 400 wallet addresses. Even after being exposed, the price of $NEIRO tokens continued to rise under severe FOMO, breaking through a market value of $170 million. Based on the market value of $170 million on August 1, $NEIRO's rat trading share would be as high as $130 million, making it the largest rat trading in MEME coins. $NEIRO is the name of a rescue dog recently adopted by the owner of the deceased Dogecoin prototype Shiba Inu celebrity Kabosu, and once made public, this name became the new favorite of MEME, with people trying to replicate the miracle of Dogecoin, issuing multiple tokens with the same name on public chains such as Ethereum and Solana at the same time. As of August 1, $NEIRO on Ethereum seems to have become the new 'Dog King', with a market value of $160 million. However, behind this high market value is a full of tricks boost and a crisis of over 70% rat trading. PANews, after analyzing the suspected rat trading addresses of $NEIRO tokens, found that these addresses appear to be unrelated on the surface, but tracking the source of funds for these addresses reveals that the initial funds for these addresses all came from a mixer address marked as Cointool, and the funds were transferred at 10:13 PM on July 27 (UTC time), with the amounts transferred being around 0.05 Ethereum each. Subsequently, at 10:30 PM on July 27, within less than a minute of $NEIRO's issuance, these addresses simultaneously purchased about $100 worth of $NEIRO (as the purchase caused market value changes, the number of purchases per address was not the same), this short period of mass small amount purchases also made $NEIRO tokens quickly stand out on Ethereum's new token rankings. Subsequently, some robots specializing in sniping new coins and market-making arbitrage robots began to enter, quickly 'covering' these insider trading activities. However, PANews' tracking of the Cointool mixer platform found that this platform's functions include batch wallet generation, batch transfer, and batch automatic purchase, etc. Developers can easily use these functions to disguise as dozens of purchasing addresses and buy in at the same time. For example, the address 0x525F78D35De309f0f53311C5A69370597AC86A26 spent about $100 to purchase 10 million $NEIRO tokens, currently valued at about $1.50 million, with a return rate of about 14925 times. Subsequently, the tokens were divided into two transactions to two addresses. As of August 1, most of the $NEIRO tokens in these addresses have not yet been sold, partly perhaps to avoid attracting attention (after all, the current holding of 0.5% of the amount is also close to $750 thousand), and on the other hand, the operators have not yet transferred Ethereum tokens to these split addresses to pay for the transaction Gas. Of course, the advantage of using a mixer to hide rat trading is not limited to this, in the subsequent promotion, the project side also used the address number advantage brought by these rat trading as the main promotional point on social media. The official Twitter's third post wrote: 'Our good girl $NEIRO has already broken through 500 holders, with a trading volume close to $4 million and is currently trending on @DEXToolsApp'. However, a token with a market value of $160 million is not simply achieved by a mixer. In addition to rat trading, $NEIRO also received a lot of support from KOLs, especially in Japanese. With the shout-out support from KOLs such as @apipiro22, @mikky_8080, @yukimaru_potty, @BrotherMKT, @KookCapitalLLC, @OfficialTravlad, who have tens of thousands to hundreds of thousands of followers, $NEIRO's price also rose, and successfully listed on exchanges such as MEXC, XT, Poloniex, LBank, etc. Interestingly, after Bubblemaps exposed $NEIRO token rat trading, several of the aforementioned shout-out KOLs also appeared in Bubblemaps' comment section, counterattacking Bubblemaps and stating that the team controlling the tokens is a bullish signal. In fact, after the rat trading incident was exposed, the price of $NEIRO tokens was not greatly affected, but instead continued to rise, from a market value of $70 million all the way to $170 million. According to the latest statistics from Bubblemaps, rat trading still holds about 66% of the tokens, valued at over $100 million. The team's initial total expenditure was about $10 thousand, with an overall return of over ten thousand times. However, as the addresses were exposed, the rat trading's unloading also became a big problem. The operators are currently gradually unloading through dispersing more wallets or transferring to centralized exchanges. It's just unknown, after these 66% of the tokens are sold, how much will $NEIRO's market value be left? And $NEIRO's bundled rat trading is no longer a new thing, on July 24, blogger @plonkbot had stated that nearly half of the issuance on the Solana chain's Pump.fun involved this kind of bundling behavior. And through PANews' observation, Pump.Token trading on fun has indeed been heavily occupied by bots. Just open a newly issued token, and you will find a large number of bots trading, making MEME no longer a friendly gold mining spot for ordinary retail investors who cannot effectively use bot tools.