Japanese Prime Minister Sanae Takahichi officially stated that she has no connection to the meme coin SANAE TOKEN, which operates on the Solana blockchain. The logo of the digital asset features her photograph, which led to rumors on social media regarding a possible link between the politician and the project.
This is reported by Business • Media
SANAE TOKEN Capitalization: Sharp Rise and Fall
After its launch on February 25, 2026, the meme coin SANAE TOKEN generated significant interest among users. At its peak, the market capitalization of the token exceeded $27.7 million, but later fell to $7.61 million. As of now, the asset’s price stands at $0.008 per unit. According to analytical services, the three largest holders of SANAE TOKEN control nearly 60% of the total supply, while over 900 other addresses hold only about 13% of the tokens.
Prime Minister’s Statement and Parallels with Argentina
“I know absolutely nothing about this token, and my office has not been informed about what it is. We have not given any approval on this matter. I decided to make this statement to prevent the public from being misled,” emphasized the Prime Minister.
Takahichi stressed that the token’s popularity arose solely due to its association with her name, but there has been no official support or endorsement from the government. A similar situation occurred earlier in Argentina when President Javier Milei supported the LIBRA project, which later turned out to be an unofficial meme coin of the country. After a sharp drop in the token’s value, Milei deleted the relevant post, and he was justified during an anti-corruption investigation.