Solana meme coin Michi jumped 18% early Monday after our beloved celebrity Ariana Grande shared the meme that inspired the coin on her Instagram story.
“I think the boy is hers, [I don’t know],” the post reads, followed by the image of the meme.
The Michi meme was edited to hold a pink “love potion,” alongside posters of a man adored with kiss prints on the wall. That's the work of a Grande fan account in reference to a music video the pop star released for her single “The Boy Is Mine.”
It’s unlikely that someone hacked Grande's account, as she’s continued with her normal social media activity. For instance, she posted a happy birthday message to her mom.
“Hey it’s me,” a Michi Solana Instagram account commented shortly afterwards.
According to data from CoinGecko, the jump wasn't provoked by the star's post itself. The momentum was gained a bit later.
In the eight hours that followed Grande’s repost, Michi only moved up 3% to $0.22.
Enter the pseudonymous crypto influencer Ansem. Yes, you're right, he is the guy who previously helped propel hyped coins like Dogwifhat. Ansem highlighted Grande’s repost on his Twitter.
And then Michi chart spiked 18% to $0.26 in just an hour.
Ariana Grande isn't the only star to venture into mem coins world.
Recently, media personality Caitlyn Jenner launched two meme coins. Australian rapper Iggy Azalea debuted her meme coin MOTHER with the ability to buy smartphones with it. And even infamous former kickboxer Andrew Tate set out on a meme coin spending spree late last week.