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
Today, the Fear and Greed Index dropped to 18, indicating the market is in a "Extreme Fear" state.
Foresight News reports that, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (yesterday the index was 22, indicating "Extreme Fear"), indicating that the market is in a "Extreme Fear" state.
GateNews31m ago
Dormant Ethereum ICO Wallet Activates After 10.6 Years, Moves 100.27 ETH
Gate News bot message, a dormant Ethereum ICO wallet became active after 10.6 years and transferred 100.27 ETH ($212K) to a new wallet.
The participant invested only $125 to purchase 401.1 ETH during the ICO. The holding is now valued at $834K, representing an estimated 6,687x return on the initial
GateNews41m ago
UNI Rallies as Federal Court Ends Investor Case Against Uniswap Labs
Uniswap Labs won a full dismissal with prejudice, ending the investor lawsuit over scam-token losses and barring plaintiffs from refiling the same claims.
UNI rose about 6% to around $3.92 after the ruling, as traders reacted to the case being permanently closed.
UNI price rose about 6% to $
CryptoNewsFlash9h ago
Cardano Brings Blockchain Payments to Swiss Retail With ADA at SPAR Stores
ADA payments now accepted at 137 SPAR stores in Switzerland through Cardano integration with DFX.swiss Open Crypto Pay.
Real-time blockchain transactions reduce merchant fees by about two-thirds compared to traditional card providers.
The Cardano Foundation has announced that Swiss payments
CryptoNewsFlash10h ago
XRP Could Face Securities Classification Under New U.S. Crypto Framework, Says Cardano’s Hoskinson
Charles Hoskinson argues that under the revised CLARITY Act, tokens like XRP would qualify as securities, igniting his feud with the XRP community.
He called Ripple CEO Brad Garlinghouse out again, cautioning that having no laws is better than having a bad law.
Cardano founder Charles Hoskin
CryptoNewsFlash10h ago
Address Poisoning Scam: TON Whale Loses $220K, Scammer Returns Most
_A TON blockchain whale sent $220K to a scammer by mistake. The scammer kept $17K and returned the rest with an apology note._
A TON blockchain whale recently fell victim to an address poisoning scam.
The incident cost him $220,000 worth of TON tokens. He sent the funds to the wrong wallet by
LiveBTCNews11h ago
