The Yua Mikami meme coin (MIKAMI) skilled a dramatic worth drop shortly after its launch on Could 8, 2025.
This meme coin, tied to Japanese leisure star Yua Mikami, plummeted over 80% from its peak, leaving pre-sale traders with losses of as much as 60%.
Followers Burned as Yua Mikami’s Meme Coin Collapses
Yua Mikami, a well known Japanese leisure star, had no prior involvement within the crypto house. Nonetheless, leveraging her fame, Mikami launched her personal meme coin, MIKAMI, on the Solana blockchain. This coin initially garnered important consideration from the crypto group.
In keeping with an official announcement from the Mikami Coin account on X, the MIKAMI pre-sale concluded on Could 3, 2025. It efficiently raised over 23,000 SOL, equal to roughly $3.4 million on the time.
The identical account confirmed that 17,560 legitimate addresses participated, contributing a complete of 23,320.74 SOL. Notably, the crew filtered out over 21,000 spam transactions involving deposits of lower than 0.002 SOL. Pre-sale traders acquired tokens proportional to their contributions, with a mean value of $0.245 per token.
Nonetheless, shortly after MIKAMI formally launched and started its airdrop within the early hours of Could 8, the token’s worth nosedived. Inside simply 5 hours of launch, MIKAMI’s worth dropped to $0.1, marking a 60% loss for pre-sale traders.
As of this writing, the token’s worth has continued to say no sharply, shedding over 80% from its peak, with a market capitalization of roughly $7 million. Worth charts on Dexscreener mirror this collapse, displaying MIKAMI falling from a excessive of $0.828 to $0.1 in a matter of hours.
What Prompted the Sharp Decline?
The crash of MIKAMI just isn’t an remoted incident within the meme coin market, which is infamous for its excessive volatility and reliance on crowd psychology.
“Meme coin psychology: It’s not FOMO — it’s “possibly this one will repair all the things,” mentioned one X consumer
Nonetheless, these tokens continuously lack intrinsic worth and are liable to manipulation. In MIKAMI’s case, the 80% worth drop instantly after launch suggests a doable “sell-off” by giant traders (whales). They accrued tokens throughout the pre-sale and dumped them as soon as the token was listed.
Moreover, knowledge reveals that MIKAMI’s tokenomics construction carries inherent dangers: 50% of the entire provide is locked for Yua Mikami till 2069, 20% was allotted to the pre-sale, 15% to liquidity, 10% to the group, and 5% to advertising.
The 15% liquidity allocation is taken into account low in comparison with the everyday 20-25% customary for meme cash, making the token’s worth extremely vulnerable to sharp fluctuations throughout important promoting stress.
In the meantime, MIKAMI’s collapse was additionally influenced by broader market sentiment. At launch, the meme coin market was going through a downturn, with a 56.8% drop in capitalization since December 2024. This makes traders vulnerable to panic promoting when costs fall, additional exacerbating the downward stress on MIKAMI, which already lacks liquidity and group assist.
The downfall of Yua Mikami Meme Coin (MIKAMI) serves as a textbook instance of the dangers inherent within the meme coin market, the place excessive expectations tied to celeb fame usually fail to maintain token worth.
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