According to @ai_9684xtpa on Twitter, the Solana market is experiencing a forced cooldown following the launch of two major presale tokens, $MIRAI and $WATCHCOIN. $MIRAI refunded 50% of presale funds, allocated only 15% of tokens to on-chain liquidity pools, and imposed a 10% buy-sell tax at launch. The presale raised 76,831 SOL, while the current market cap stands at $10.5 million. $WATCHCOIN, endorsed by Solana’s official account and founder Anatoly Yakovenko, features a team with a consistent track record. These events have heightened caution among traders, potentially reducing short-term speculative activity and impacting overall Solana trading volume and sentiment. Source: @ai_9684xtpa on Twitter, May 16, 2025.

According to @EmberCN on Twitter, the Mikami meme coin ($Mikami) presale launched with no fundraising cap, no fixed exchange rate, and no refund policy, making it highly risky for traders. In just 50 minutes, 10,431 SOL (approximately $1.54 million) was deposited into the presale wallet, representing fast-growing interest but also significant risk exposure. The tokenomics allocate only 20% of total $Mikami supply to presale participants, distributing it pro-rata based on SOL contributed. Traders should note the lack of transparency and safeguards, which could increase volatility after launch. (Source: @EmberCN, intel.arkm.com)