Another magical night in the crypto world! Japan's top star Yua Mikami crosses over to issue the coin $MIKAMI, resulting in an immediate crash upon launch, with presale investors suffering an 85% loss overnight! This event, touted as a 'celebration from the screen to the blockchain,' ultimately turned into a precise harvesting operation known as the 'midnight slaughter.'
Launch and crash! The 'textbook-level' harvesting operation of $MIKAMI.
$MIKAMI made a high-profile debut on the Solana chain, but peaked at launch before plummeting in free fall, crashing from $0.245 to below $0.1, with a market value evaporating over 60%! Even scarier, it nearly approached 'tenfold zero' in the early session, and presale investors hadn’t even woken up before their wallets were already emptied!
Community recap of the 'four-step harvesting':
1. The team cashed out 3.46 million SOL (about $3.1 million) and drained liquidity before the launch;
2. Intentionally launching at 4 AM, taking advantage of retail investors sleeping and KOLs being offline, making it easy to crash the price;
3. Reserve huge selling pressure, crashing the price immediately at launch, turning midnight into a 'bloody night';
4. Current market value is only $7.8 million. Want to break even? The coin price needs to rise above $0.5 — almost impossible!
Celebrity issuing coins = harvesting? Yua Mikami's crypto 'debut' crashes.
Yua Mikami has 17.5 million fans, and this coin issuance was supposed to be the perfect combination of 'fan economy + blockchain', but it turned out to be yet another typical case of celebrity harvesting.
The harsh reality: the 'celebrity effect' in the crypto world has long since soured, with 99% of celebrity coins ending up worthless, and the remaining 1% just tools for market manipulators to cash out.
Survival rules in the crypto world: either watch the show or get harvested; this farce proves once again:
Celebrity coins = high-risk gambling, 99% are here to harvest the unsuspecting! Coins launched in the early morning = something fishy, manipulators wait for you to sleep to crash the price! Presale = locking in profits in advance, teams rake it in while retail investors take the fall! The wealth myth of the crypto world always belongs to the early movers, while blindly following retail investors are destined to become the 'fuel' for this game.
How to avoid becoming the next batch of victims?
1. Stay away from celebrity coins — 99% are tools for harvesting!
2. Beware of projects launching in the early morning — manipulators love to crash prices while you sleep!
3. Never FOMO chase the high — you can never outrun insider trading!
4. Remember: only a few people make money in the crypto world, don’t let yourself become one of the 'many'!
Final warning: the stories in the crypto world are captivating, but your wallet is even more important. Don't let greed blind you; otherwise, the next 'midnight bloodbath' could star you!
