Potential Price Surge
Mikami, a well-known Japanese celebrity, confirmed the launch on X. The meme coin will run on Solana and have limited liquidity alongside a small market cap, reflecting its early-stage status.
Source: X (@Mikami_Coin)
Investors are watching for potential price surges, common in previous Solana meme coin launches. Despite the announcement, SOL prices have remained stable, but decentralized exchanges like Raydium may see increased activity, as meme coin events typically spark speculative trading.
Market Reaction
SOL is priced at $146.62, with a market cap of $75.90 billion. It has seen a 1.82% drop in the past 24 hours but a 5.26% increase over the past week, showing ongoing volatility.
Experts also warn that Mikami’s coin could drive temporary interest in Solana projects but also carry risks of pump-and-dump cycles.
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