Ariana Grande signaled: The memecoin exploded and went away!

Solana meme coin Michi increased by 18% after pop artist Ariana Grande’s inspirational post about the coin on her Instagram story.

Michi, arranged holding a pink ‘love potion’ next to posters of a man that awakens admiration with kiss prints on the wall. This is the work of an Ariana Grande fan referring to the music video released for the singer’s single ‘The Boy Is Mine’.

Ariana Grande, in the post, said, 'I think the child is hers, [bilmiyorum]The text says '” and then the image of the meme comes. A Michi Solana Instagram account commented, ‘Hey, this is me.’

Famous names triggering the rise in memecoins

After Grande’s post, Michi only increased by 3% to $0.22. However, Ansem, a crypto influencer who previously contributed to the rise of coins like Dogwifhat (WIF), highlighted Grande’s post on Twitter, and Michi increased by 18% to $0.26 in just one hour.

gmichi pic.twitter.com/FBN5jJ0upK

• Ansem 🧸💵 (@blknoiz06) June 10, 2024

This development comes after celebrities announced their entry into crypto. Most importantly, media personality Caitlyn Jenner released two memecoins, and musician Iggy Azalea launched her own memecoin, while former kickboxer Andrew Tate started a memecoin craze at the end of last week.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.