Crypto India|Mar 03, 2026 10:42
A Solana meme coin themed on Japan PM called SANAE TOKEN suddenly surged to nearly $30M in market cap.
There was just one issue.
Later, Sanae Takaichi clarified she has “absolutely no knowledge” of it. No approval. No involvement.
Soon after, the token crashed 75%, falling to around $6M.
On-chain data showed the top 3 wallets held about 60% of supply.
Hype first. Denial next. Then the dump.(Crypto India)
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