Foresight News reports that Japanese Prime Minister Sanae Takaichi clarified on X that, “I have heard that a cryptocurrency called SANAE TOKEN has been issued and is being traded to some extent. Due to the name, there seem to be various misunderstandings, but I am completely unaware of this token, and my office has not received any notifications regarding its purpose. We have not approved this matter. I am making this statement to ensure the public does not misunderstand.”
Foresight News notes that the SANAE TOKEN was issued on February 25, 2026, by entrepreneur Mizoguchi Yūji through his YouTube channel “NoBorder” and related DAO project. It is positioned as a meme coin on the Solana blockchain, with political-themed slogans including “Japan is Back.” The project used Sanae Takaichi’s name, AI-generated illustrations (based on official photos), and profile pictures for promotion on its official website, videos, and social media. After the token was issued, its price surged briefly—reportedly up to 30 times—but fell over 85% following Takaichi’s statement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.
Decrypt4h ago
Long-term BTC short whale cancels $50,525 limit buy order, still plans to bottom-fish at $53,525
According to HyperInsight monitoring, on March 21st, a long-term BTC short seller whale canceled a $50,525 limit buy order set on the Hyperliquid platform, while retaining an order to buy 50 BTC at $53,525. This whale had previously shorted 499.91 BTC with 20x leverage, accumulating profits of $61.34 million.
GateNews6h ago
Bitcoin rebounds and breaks through $71,000, 24-hour increase of 1.66%
Gate News reports that on March 21, according to certain CEX market data, Bitcoin rebounded and broke through $71,000, currently trading at $71,048, with a 24-hour gain of 1.66%.
GateNews7h ago
BONK.fun Restarts After Domain Hijacking, Confirms $30,000 in Damages
BONK.fun has resumed operations after a recent domain takeover incident that caused $30,000 in user losses. The attack, attributed to a third-party vendor's vulnerability, involved phishing tactics. Despite recovering the domain, risks remain as some antivirus software still flags it, and the BONK token price continues to decline.
TapChiBitcoin11h ago
Weekly Report: Gold Breaks Below $4,500! Crude Oil Surges Past $110, But Bitcoin Rallies and Outperforms Gold
Escalating tensions in the Middle East and the Federal Reserve's hawkish stance have impacted global financial markets. Gold plummeted more than 10% this week, marking its worst performance since 1983, while oil prices surged to historic highs. In contrast, Bitcoin rose against the trend, indicating a flow of capital toward crypto assets. The market continues to face uncertainty, and volatility in risk assets may persist.
動區BlockTempo15h ago
Yesterday, the US XRP spot ETF experienced a single-day net inflow of $1,978,200.
On March 20, the US XRP spot ETF recorded a single-day net inflow of $1.9782 million, with Canary XRP ETF being the only product achieving net inflows. Total net inflows have reached $421 million. Currently, the total net asset value of XRP spot ETFs stands at $1.006 billion, with historical cumulative net inflows reaching $1.209 billion.
GateNews19h ago
