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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

michi (MICHI) is a cat themed meme coin on the [[Solana]] blockchain, launched on [[pump.fun]] in the spring of 2024. Based on a widely shared drawing of a serene sitting cat, michi was among the first tokens to prove that pump.fun's bonding curve model could produce a nine figure coin, making it a foundational asset of the launchpad era.

## Origin

The michi image, a simple illustration of a contented cat, circulated as a reaction meme across X and Instagram before being tokenized. The coin launched anonymously on pump.fun in April 2024, when the platform was months old and its largest [[graduation]] stories were still in the tens of millions. The name comes from the affectionate Spanish language internet term for cats.

## Market history

michi climbed through the spring 2024 cat rotation alongside [[POPCAT]] and [[cat in a dogs world]], reaching an all time high price around 0.59 dollars and a market capitalization of about 322 million dollars in mid 2024, per price trackers. This made it, at the time, the most successful coin to have originated on pump.fun, a title later taken by [[Goatseus Maximus]] and the AI cohort. The token faded through 2025 with the broader meme market. In April 2026 the community executed a migration from the original contract to a new one, and the reduced float produced a reported 325 percent squeeze in the new token, with the original listing marked as michi [OLD] on aggregators.

## Cultural impact

Within [[the trenches]], michi represents the pump.fun proof of concept: an anonymous, utility free cat drawing that outran venture backed tokens using nothing but curve mechanics and community. It anchored the "michi lineage" of minimalist cat art coins and is regularly cited in histories of pump.fun as the platform's first blue chip. Its 2026 contract migration is also one of the few examples of a legacy meme coin community reorganizing supply years after launch.

## References

- https://www.coingecko.com/en/coins/michicoin
- https://michi.meme/
- https://medium.com/coinmonks/the-most-memeable-cat-on-the-internet-just-migrated-and-the-supply-squeeze-already-caused-a-325-3089fa9ae8e1
- https://www.bybit.com/en/learn/memes/top-cat-meme-coins

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