A new cryptocurrency inspired by Netflix’s dystopian series Black Mirror has captured attention after an impressive early surge, only to experience a sharp correction.
According to CoinGecko, The Black Mirror Experience token (MIRROR) more than doubled within a day of its launch, rising from $0.03577738 to $0.0816, before retreating around 37.6% to $0.05098.
Analysts warn that despite the hype, volatility and untested governance remain key risks, with past entertainment-linked token failures, such as the Squid Game token, serving as cautionary examples.
MIRROR is launched on the KOR protocol and backed by Avalanche, Solana, Republic Crypto, and Animoca Brands.
The project combines the popular Black Mirror franchise with blockchain, aiming to offer fans a deeper, interactive experience.
The token is available for trading on major exchanges including Kraken, Gate.io, MEXC, and Binance Alpha.
CoinGecko lists the market capitalisation at $8.78 million, with a fully diluted valuation of $50.8 million.
Supporters argue the token remains undervalued, with projections suggesting potential gains of up to 10,000%.
At the heart of the project is Iris, a virtual AI assistant inspired by Black Mirror’s narrative themes.
Iris analyses users’ digital footprints to generate reputation scores, providing insights, rewards, and playful commentary.
Token holders gain access to premium AI coaching, live streams, and the ability to influence community-driven episodes.
The project also offers NFTs called “Personas” that evolve with user engagement, giving holders access to real-world assets and collaborations across the franchise.
The MIRROR token has been supported by a strong community push, with over 400,000 users reportedly registering for early participation.
Phase 1 of the token airdrop, releasing 10% of the total supply, has been completed, according to Black Mirror’s official X account with over 235,000 followers.
Industry figures, including skateboard legend Tony Hawk, have highlighted the token via Coinbase’s Base Builder show, further boosting credibility.
Netflix’s entertainment properties have sparked crypto speculation before.
In 2021, the Squid Game token surged from $0.01 to nearly $2,861 per coin, briefly hitting a $180 million valuation before collapsing in a rug pull.
Investors are cautious, remembering the risks tied to hype-driven launches.
However, MIRROR’s backers stress established partners, community-focused allocation (58% of supply), and real-world utility as steps towards sustainability.
Despite the rapid rise, some crypto enthusiasts on Reddit’s r/CryptoCurrency group expressed scepticism over the token’s legitimacy, suspecting hype-driven speculation.
Yet, CoinMarketCap and CoinGecko data confirm the MIRROR token’s authenticity.
Industry insiders are projecting significant upside for MIRROR.
A Flare Labs founder said,
“Black Mirror is literally one of the biggest IPs on Netflix and it’s on-chain, and I’m confident it keeps going up from current price levels.”
Early participants reportedly received 5 million MIRROR tokens each, with individual holdings currently worth around $350.
The token’s value is supported by real-world products and buyback mechanisms, creating what investors describe as a self-sustaining feedback loop.
One airdrop claimer, Alpha Cop, projected a 200% gain from current levels, placing the token at around $0.1884.
The MIRROR token shows how entertainment IPs are increasingly intersecting with blockchain, combining fan engagement, AI, and NFTs.
Yet, experts stress the volatility inherent to such projects, urging investors to weigh speculative potential against lessons from past failures.
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