Yua Mikami’s Meme Coin Launches at Midnight in a “Sneak Attack,” Resulting in Significant Losses for Participants

MiKamiCoin Launched Under the Popular Name of Yua Mikami

The meme coin MiKamiCoin, launched under the popular name of Yua Mikami, made a stealth release around 2 AM.

Despite opening at a market value of 25 million USD, and even briefly soaring to 50 million USD, the price quickly collapsed thereafter.

Moreover, the token issuance seems to have involved prior allocations to large holders, leading them to sell off at high points while retail investors received their tokens later. Many participants expressed significant dissatisfaction, especially since the team chose to launch in the early hours, knowing that most participants were Asian, indicating questionable motives. The cost price for IDO participants was about 0.25, and based on the current price, participants have essentially seen their investment halved.