$Mikami Coin Plummets 96%, Fans Lose Everything! The Brutal Truth Behind the Meme Coin Frenzy
On May 8, 2025, the highly anticipated personal meme coin $Mikami by Yu Misaka officially launched, once soaring to a peak market value of $16.9 million. However, just hours later, this digital token, which many fans had high hopes for, rapidly collapsed, plummeting by 96%, instantly evaporating over $16 million in market value, plunging investors into panic and despair.
This seemingly glamorous digital currency feast hides enormous risks and investment traps in the meme coin market. During the presale phase, $Mikami attracted over 10,000 investors, raising $3.46 million, which thrilled many fans. However, when the token quietly went online in the early hours, the price plummeted from a peak of $0.8 to $0.03, and a massive sell-off triggered a liquidity crisis, causing investors' funds to nearly evaporate.