In recent years, the phenomenon of celebrities launching coins has become increasingly common in the cryptocurrency market. On April 29, Japanese celebrity Yua Mikami announced on her X platform that she would issue a meme coin named Mikami on the Solana network the following day, attracting widespread attention. Meme coins are cryptocurrencies based on internet pop culture or memes, and their value primarily relies on community support and market speculation rather than actual use or technological innovation. According to the official website of the Mikami meme coin, the distribution plan for the token is as follows:

  • 50% allocated to Yua Mikami herself, locked until 2069;

  • 20% for Firesale debut (a presale mechanism);

  • 15% for providing liquidity;

  • 10% allocated to the community;

  • 5% for marketing activities.

Yua Mikami holds half of the tokens and has locked them long-term, which may indicate her confidence in the project. However, this could also raise investors' concerns about liquidity and market manipulation.

Risk warning for meme coins

Cryptocurrency media BlockBeats reminds users that meme coins often lack real value, and their price fluctuations are mainly driven by market sentiment. The uncertainty surrounding celebrity coin launches is high, and the specific details of the Mikami token are yet to be confirmed. Investors should exercise caution when participating in such projects to avoid financial risks from blind chasing.

Market impact of celebrity coin launches

Celebrities can quickly attract attention and funds due to their influence, boosting the short-term popularity of meme coins. However, this phenomenon may also exacerbate market speculation and bubble formation. The issuance of Mikami may bring new traffic to the Solana network, but its long-term value and sustainability remain in doubt.

Conclusion

Yua Mikami's issuance of the Mikami meme coin is another example of the celebrity coin craze. Although such projects may present opportunities, their high-risk nature should not be overlooked. Investors should approach rationally, fully understand the project background and market dynamics, and make cautious decisions to avoid losses from chasing celebrity effects.