The $Mikami coin saga is a textbook case of exploiting fan loyalty for profit.
Using the name of AV star Yua Mikami, the team raised $3.46 million through a presale — only to see the token crash by 85% right after launch due to poor liquidity, insider selling rumors, and a total lack of transparency.
While fans and small investors were left holding the bag, the team — and likely Mikami herself — walked away with most of the money. Reports suggest she personally earned between $2.5 to $3.11 million from the presale alone, meaning she faced virtually no losses.
This wasn’t just a case of bad market timing — it was a deliberate setup where fan admiration and speculative hype were weaponized, leaving investors as the last link in a profit chain.
It’s yet another example of how meme coin culture can be twisted into a cash grab — with zero accountability, no protection for investors, and all the short-term gain going to insiders.
Honestly, it’s just sad to watch this cycle repeat itself.
