Overview
- Sanae Takaichi posted on X that she has no knowledge of the token and gave no approval for its creation or use of her name.
- The token launched on February 25 on Solana by NoBorder as part of a project branded "Japan is Back."
- Its market capitalization briefly neared $27.7 million before sliding to about $6 million after her clarification as trading turned sharply negative.
- On-chain data cited by Wu Blockchain indicated extreme concentration, with the top three addresses holding roughly 60% of the supply.
- An X account claiming to be an officially recognized supporters’ group reshared the launch announcement, adding to perceptions of an official link.