Group 1 - The virtual currency "SANAE TOKEN," named after Japanese Prime Minister Takaichi Sanae, has caused significant market fluctuations due to speculation about its political connections, leading to a price surge followed by a sharp decline after Takaichi's denial of any association [2][4] - Japan's Finance Minister Shunichi Suzuki stated during a parliamentary meeting that appropriate measures would be taken to protect users if there are reports of victims suffering losses from investments related to SANAE TOKEN [4] - The issuer of SANAE TOKEN has not registered as a "crypto asset trader" as required by Japan's Financial Instruments and Exchange Act, raising regulatory concerns [5]

According to GMGN, the Solana-based meme token SANAE TOKEN briefly reached a market cap of $27.72 million before dropping to around $6 million. The top three addresses hold about 60% of the token supply, and many leading addresses show token inflow activity. Sanae Takaichi stated on X that she had no knowledge of the token and had not approved it.https://t.co/gf18saPwdv ...