The meme coin associated with Japanese entertainment star Yua Mikami, named MIKAMI, faced a significant drop in price shortly after its launch on May 8, 2025.

Despite the initial hype surrounding the launch of MIKAMI, the coin's value plummeted by over 80% from its peak, resulting in considerable losses for early investors, with some seeing losses of up to 60%.

Yua Mikami, a popular figure in Japanese entertainment, ventured into the cryptocurrency realm by introducing her own meme coin, MIKAMI, built on the Solana blockchain. Although the token generated substantial interest within the crypto community, its price sharply declined following its launch and airdrop on May 8. In just a span of five hours, MIKAMI's value dropped to $0.1, indicating a significant loss for pre-sale investors.

The collapse of MIKAMI reflects the volatile nature of meme coins, which often lack inherent value and are susceptible to manipulation. In the case of MIKAMI, the sharp decline in price post-launch suggests that large investors who accumulated tokens during the pre-sale might have swiftly sold off their holdings upon listing.

Moreover, MIKAMI's tokenomics structure carries inherent risks, including the significant portion of the total supply being locked for Yua Mikami until 2069, as well as the lower than average liquidity allocation. This left the token vulnerable to drastic price fluctuations, especially during times of intense selling pressure.

The broader market sentiment at the time of MIKAMI's launch further influenced its downfall, as the meme coin market was already experiencing a decline in capitalization, causing investors to engage in panic selling. This, combined with MIKAMI's lack of liquidity and community backing, exacerbated the coin's downward spiral.

The swift decline in the value of the Yua Mikami meme coin serves as a cautionary tale highlighting the risks associated with investing in meme coins, where the fame of celebrities often fails to sustain the token's worth.