Yua Mikami Memecoin Plunges After Launch, Signaling Uncertainty in Celebrity-Backed Crypto

Following its debut on the Solana blockchain, Yua Mikami’s $MIKAMI memecoin experienced a dramatic 87% price drop after launch. The token’s steep decline signals market skepticism and investor caution surrounding celebrity-backed cryptocurrencies. The project, spearheaded by Yua Mikami’s management team, marked her first significant foray into the cryptocurrency space. The $2.9 million USD raised during a presale demonstrates initial appeal, but concerns about volatility and the token’s exclusion of Japanese users are contributing to its fluctuating price.