Mim Coin, launched in Japan’s social media celebrity Yua Mikami, broke badly in 5 hours. His mim coin $ Mikami is 83.12% break within 5 hours and this sudden decline once again proved how much more race is the mim coin in the Crypto Marketplace and the profits can be winded in some time.
What happened suddenly with Mikami Coin
Mikami Coin had a presale Worth $ 0.245 per token, but about 5 hours after launching, its price was reduced to $ 0.1117 and saw a decline of about 83.12 per cent. Its market cap is about $ 7.56m.
Shortly after launching the main reason for the decline in Mikami Coin, the presale traders were selling and the big wallet holders sold their 30 per cent tokens. Apart from this, there was no strong technology or utility of Mikami Coin, in fact it was a celebrity hype, due to which it was sold too much. Mikami Coin tried to take advantage of Yua Mikami’s popularity only, but the traders soon cut the profit. Know in detail about what is Memecoin
After all, who is a famous celebrity in Japan, Yua Mikami
Yua Mikami is a Japanese Leisure Character, who has also been the first Grownup Actress and later became famous as Social Media Influencer and a businesswoman. Yua Mikami was born on 16 August 1993 in Nagoya town of Japan. He has millions of fans on social media platforms like Instagram, X (East Twitter), Tickets. Over the years, he has launched many fashion and cosmetic brands.
If you do crypto trading, you can take this lesson
Nowadays, the interest of investors as well as common people towards Crypto Marketplace is increasing all over the world. In such a situation, if you are also investing in crypto, then do research well before investment in any Memecoin Token. Many times Memecoin Participating in presale becomes more risky. In such a situation, one should not invest by relying only on social media trends.
Conclusion
Yua Mikami’s Mikami Mim Coin is an example that suggests how a celebrity brand value and investors’ feelings can be torn like a bubble. Despite the initial hyp, this token also went on the same path on which most meme coins fail. In such a situation, it is learned that before investing in meme coin, do research well and invest thoughtfully. Along with this news, if you want to read more news related to Memecoin, then you can read our Memecoin Information section, where you Husky Inu Why is the rest of memecoins unique, such new information will be received,
