Jiikawa became popular, and the currency circle followed suit and issued meme coins
Japan's popular super cute anime "Chiikawa" has also become very popular in the Chinese circle recently. Not only has the "Brother, you smell so good" series of memes going viral in China, there are also many practical memes circulating in Taiwan.
In addition to the popularity of the community, Jiikawa's peripheral business opportunities are also huge. In addition to the official peripheral products, genuine authorized mobile games and pop-up stores that fans are rushing to buy, there are also co-branded beverage stores in Taiwan.
Source: Chinese netizens on Weibo compiled memes from the Brother Hello Fragrance series
The meme currency community, which is good at chasing popularity, has not missed the craze of Jiikawa.
Recently, some netizens on the social platform Threads said that anonymous people have issued Jiikawa unofficial meme coins on the blockchain, including three characters familiar to fans, Usachi ($USAGI) and Xiaoba ($ HACHIWARE) and $CHIIKAWA.
Netizens’ purchases of Jiyikawa meme coins have doubled more than 10 times
Last week, many netizens shared on Threads and Twitter that after investing a small amount in Jiikawa Meme Coin, their principal increased nearly 10 times in a short period of time.
Another Twitter user entered the market at a better time. He purchased 3 types of Giikawa meme coins at one time, all of which brought him more than 20 times the reward, of which the USAGI coin’s reward was as high as 58 times.
Source: Twitter users shared that after purchasing Jiikawa meme coins, the reward reached 58 times
What’s even more ridiculous is that a non-currency netizen mistakenly thought that the “Jiyikawa Meme Coin” was just a spoof of altered pictures, so he jokingly posted a picture of the skyrocketing price on the PO: “I dedicated it to you when I bought the stock for the first time, and now The price is so high, I told you to buy it!" It was only after netizens reminded that this was a high-risk meme coin that they added that it was "stealing other people's photos" and asked everyone to pay attention to the investment risks and not buy indiscriminately.
Can I still buy Jiyikawa coins? You must know the risks behind it
Want to keep up with the Jiyikawa craze and make money in the currency circle? The risk of entering now can be very high.
(Crypto City) actually looked at the three popular Jiikawa meme coins and found that the highs all fell in the early morning hours of October 13, and then they all experienced sharp corrections. For example, CHIIKAWA ($CHIIKAWA) fell from a high of $0.002972 to $0.0007211, a drop of more than 75%.
Picture source: DEX Screener Jiikawa meme currency fell at the speed of light after rising sharply over the weekend
Other players in the currency circle advise those investors who see the skyrocketing price of Giikawa coins and think that it is easy to make money by investing in Doge coins. He used his own experience as a warning, saying that when he followed the Satoshi Nakamoto meme coin, he made a profit of 250% on the coins he gambled on, but he lost 72%-92% on other coins.
In addition to high volatility, investing in Giikawa may involve the following risks:
Unofficially authorized meme coins: Giikawa officials have never stated that they will issue meme coins. Currently, the Giikawa coins on the market are unofficially issued, and there are concerns about infringement. Although there have been examples in the past of using well-known comics or characters to issue meme coins, like PEPE coins, and the author only learned about it later, considering that the author of Jiikawa is Japanese, the degree of emphasis on copyright may be higher.
Extremely low liquidity: In addition to pirated issuance, although Jiyikawa coins are discussed on Threads and Twitter, the actual liquidity is quite low. The most popular $CHIIKAWA has a market capitalization of US$1.5 million, liquidity of only US$150,000, and only 2,745 holding addresses, which means that investors will face greater risks of volatility, and at worst they may encounter pumping and dumping. and Dump) scam.
Lack of long-term sustainability: (Cointelegraph) Guest columnist Evan Luthra once pointed out that meme coins mainly attract short-term investors. This short-sighted speculative mentality will allow the market value to grow rapidly, but it does not have long-term sustainability. For meme coins with low liquidity, we cannot have the illusion that we can hold them for a long time and get rich suddenly.
Extended reading: Did you buy any? "These 10 Meme Coins" have experienced a major correction recently, with the worst ones plummeting over 80% from their highs.
[Disclaimer] There are risks in the market, so investment needs to be cautious. The content of this article is for reference only. There are great risks in participating in meme currency investment, and the funds may be lost to zero. Users should refer to more diverse indicators to judge whether to invest and consider whether any opinions, views or conclusions in this article are consistent with their specific circumstances. Invest accordingly and do so at your own risk.
