Paying for sentiment? Nonsense sentiment, it's just paying for a cock!

Sana Shouya has issued tokens: How high can the market value be supported by 17.5 million fans?

When top female influencers enter Web3, will the market pay up? Sana Shouya's official token $MIKAMI is about to be issued on the Solana chain, and with a solid base of 17.5 million fans, this project has sparked heated discussions even before its launch. However, a closer look at the tokenomics raises questions—

The token distribution hides secrets

50% locked until 2069, effectively a permanent freeze; 20% for presale, seemingly allowing the 'big brother' to enter first; only 15% injected into liquidity, making the opening market value a mystery. More intriguing is the 5% marketing budget—what exactly will it be spent on, or is it for KOL dividends?

Roadmap: A glamorous Web3 package

From fan NFT rights to AI agent monetization, the project team attempts to elevate expectations using a complete blockchain narrative. But the core question is: how deeply is Sana Shouya involved? Various signs indicate that this is more like an IP licensing operation purchased by a professional team, and the influencer herself may just be a traffic sign.

Valuation game: How much market value can fan economy translate?

Referring to Sana's annual income at the tens of millions of RMB level, if using traditional PE valuation logic, the token price may struggle to support. But the crypto market has never adhered to common sense—1 fan equaling 1U means a $175 million FDV; how big this bubble can grow depends on how many people are willing to pay for sentiment.

Ultimate suspense:

When celebrity tokens become harvesting tools, are 17.5 million fans a pool of chives or a moat? After the market opens on the 30th, a brutal answer will be given.

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