That Japan-origin meme coin 114514 is seriously surging. People say it’s skyrocketing like crazy—500% in 24 hours, isn’t that wild? As of the 6th, I heard that its market cap has swelled to around 6 billion yen. I never thought a coin born from the “Yajuu Senpai” meme would make it this far.

The issuer, “Kaede Games,” had issued a warning, but it looks like fake coins are running rampant. The official ones are only @114514coin and @114514coin_jp. It’s only a matter of time before scam projects that piggyback on 114514 start showing up.

However, meme coins are extremely high risk. Since they can surge fast, there’s also a high chance they’ll crash just as quickly. Rug pulls and liquidity drying up—making the value go to zero—are pretty common. 114514 is no exception, so you need to make investment decisions carefully. The whole thing comes down to whether the community’s excitement keeps going, but if it cools off, it could be over in an instant, so be careful. It’s said to have been listed on a certain exchange, but even so, the risks don’t change.