Japan PM Takaichi disavows ‘Sanae Token’ after memecoin hits $28M peak

Japanese PM Sanae Takaichi said she had no knowledge of the token, as Kyodo reported the FSA is considering whether unregistered operators were involved.

A cryptocurrency using the name of Japanese Prime Minister Sanae Takaichi briefly surged to a market value of about $27.7 million before sliding sharply after Takaichi publicly denied any connection to the token.

In a statement posted on X, Takaichi said she had no knowledge of the “Sanae Token,” adding that neither she nor her office had granted any approval related to it. She said the clarification was issued to prevent public misunderstanding. 

“Due to the name, it seems there are various misunderstandings, but regarding this token, I have absolutely no knowledge of it, nor has my office been informed about what this token entails,” she wrote. 

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