diff --git a/android/src/main/java/com/turboimage/TurboImageView.kt b/android/src/main/java/com/turboimage/TurboImageView.kt
index ba2d753..7ecc19c 100644
--- a/android/src/main/java/com/turboimage/TurboImageView.kt
+++ b/android/src/main/java/com/turboimage/TurboImageView.kt
@@ -51,6 +51,8 @@ class TurboImageView(private val reactContext: ThemedReactContext) :
       }
     }
 
+  var memoryCacheKey: String? = null
+
   val circleProgressDrawable: CircularProgressDrawable?
     get() {
       indicator.let {
diff --git a/android/src/main/java/com/turboimage/TurboImageViewManager.kt b/android/src/main/java/com/turboimage/TurboImageViewManager.kt
index 799ab1f..c2c6a58 100644
--- a/android/src/main/java/com/turboimage/TurboImageViewManager.kt
+++ b/android/src/main/java/com/turboimage/TurboImageViewManager.kt
@@ -94,6 +94,9 @@ class TurboImageViewManager : SimpleViewManager<TurboImageView>() {
       placeholder(
         view.thumbhashDrawable ?: view.blurhashDrawable ?: view.circleProgressDrawable
       )
+      view.memoryCacheKey?.let {
+        placeholderMemoryCacheKey(it)
+      }
       transformations(view.transformations)
       crossfade(view.crossfade ?: defaultCrossfade)
       view.showPlaceholderOnFailure?.let {
@@ -119,6 +122,7 @@ class TurboImageViewManager : SimpleViewManager<TurboImageView>() {
   fun setPlaceholder(view: TurboImageView, placeholder: ReadableMap?) {
     view.blurhash = placeholder?.getString("blurhash")
     view.thumbhash = placeholder?.getString("thumbhash")
+    view.memoryCacheKey = placeholder?.getString("memoryCacheKey")
   }
 
   @ReactProp(name = "showPlaceholderOnFailure")
diff --git a/example/src/App.tsx b/example/src/App.tsx
index 4d7effb..ef21653 100644
--- a/example/src/App.tsx
+++ b/example/src/App.tsx
@@ -15,6 +15,7 @@ import PrefetchScreen from './screens/PrefetchScreen';
 import PlaceholderScreen from './screens/PlaceholderScreen';
 import LiveTextScreen from './screens/LiveTextScreen';
 import APNGScreen from './screens/APNGScreen';
+import DetailScreen from './screens/DetailScreen';
 
 const Stack = createNativeStackNavigator<HomeStackParamList>();
 
@@ -43,6 +44,7 @@ function App() {
         <Stack.Group>
           <Stack.Screen name={RouteName.Success} component={SuccessScreen} />
           <Stack.Screen name={RouteName.Failure} component={FailureScreen} />
+          <Stack.Screen name={RouteName.Detail} component={DetailScreen} />
         </Stack.Group>
         <Stack.Screen
           name={RouteName.ImageProcessing}
diff --git a/example/src/screens/DetailScreen.tsx b/example/src/screens/DetailScreen.tsx
new file mode 100644
index 0000000..4e06e3b
--- /dev/null
+++ b/example/src/screens/DetailScreen.tsx
@@ -0,0 +1,52 @@
+import { Linking, Pressable, StyleSheet, Text, View } from 'react-native';
+import React from 'react';
+import TurboImage from 'react-native-turbo-image';
+import { useRoute } from '@react-navigation/native';
+import type { HomeRouteType, RouteName } from './routes.type';
+
+const DetailScreen = () => {
+  const {
+    params: { memoryCacheKey },
+  } = useRoute<HomeRouteType<RouteName.Detail>>();
+
+  const handlePress = () => {
+    Linking.openURL(
+      'https://coil-kt.github.io/coil/recipes/#using-a-memory-cache-key-as-a-placeholder'
+    );
+  };
+  return (
+    <View style={styles.container}>
+      <TurboImage
+        source={{ uri: 'https://placedog.net/400/400?id=121' }}
+        placeholder={{ memoryCacheKey }}
+        style={styles.image}
+      />
+      <Text style={styles.text}>
+        use the image which is cached in memory as placholder
+      </Text>
+      <Pressable onPress={handlePress}>
+        <Text style={styles.link}>reference</Text>
+      </Pressable>
+    </View>
+  );
+};
+
+export default DetailScreen;
+
+const styles = StyleSheet.create({
+  container: {
+    justifyContent: 'center',
+    alignItems: 'center',
+  },
+  image: {
+    width: 400,
+    height: 400,
+  },
+  text: {
+    fontSize: 18,
+  },
+  link: {
+    fontSize: 18,
+    color: 'blue',
+  },
+});
diff --git a/example/src/screens/SuccessScreen.tsx b/example/src/screens/SuccessScreen.tsx
index 4adc0fa..8d20f78 100644
--- a/example/src/screens/SuccessScreen.tsx
+++ b/example/src/screens/SuccessScreen.tsx
@@ -1,7 +1,15 @@
-import { Text, View, type NativeSyntheticEvent } from 'react-native';
+import {
+  Pressable,
+  StyleSheet,
+  Text,
+  View,
+  type NativeSyntheticEvent,
+} from 'react-native';
 import React, { useState } from 'react';
 import Card from '../components/Card';
 import type { Success, TaskState } from 'react-native-turbo-image';
+import { useNavigation } from '@react-navigation/native';
+import { RouteName, type HomeStackNavigationProps } from './routes.type';
 
 type Information = {
   width: number;
@@ -16,6 +24,7 @@ const SuccessScreen = () => {
   const handleSuccess = ({ nativeEvent }: NativeSyntheticEvent<Success>) => {
     setInformation(nativeEvent);
   };
+  const navigation = useNavigation<HomeStackNavigationProps>();
 
   const handleStart = ({ nativeEvent }: NativeSyntheticEvent<TaskState>) => {
     setStart(nativeEvent.state === 'running');
@@ -26,18 +35,22 @@ const SuccessScreen = () => {
   }: NativeSyntheticEvent<TaskState>) => {
     setCompletion(nativeEvent.state === 'completed');
   };
-
+  const navigateToDetailScreen = () => {
+    navigation.navigate(RouteName.Detail, {
+      memoryCacheKey: 'https://placedog.net/100/100?id=121',
+    });
+  };
   return (
-    <View>
+    <View style={styles.container}>
       <Card
         source={{
-          uri: 'https://placedog.net/300/300?id=121',
+          uri: 'https://placedog.net/100/100?id=121',
         }}
-        style={{ width: 200, height: 200 }}
-        resize={200}
+        style={{ width: 100, height: 100 }}
         onStart={handleStart}
         onSuccess={handleSuccess}
         onCompletion={handleCompletion}
+        onFailure={({ nativeEvent }) => console.log(nativeEvent.error)}
         placeholder={{
           blurhash: 'UBIr4u9}00Rj?yEzxu%LIQ%1%6xt-ks,tAIU',
         }}
@@ -48,8 +61,33 @@ const SuccessScreen = () => {
       {information?.height && <Text>height: {information?.height}</Text>}
       {information?.source && <Text>source: {information?.source}</Text>}
       {completion && <Text>Complete at {Date()}</Text>}
+      <Pressable style={styles.button} onPress={navigateToDetailScreen}>
+        <Text style={styles.text}>Go to detail</Text>
+      </Pressable>
     </View>
   );
 };
 
 export default SuccessScreen;
+
+const styles = StyleSheet.create({
+  container: {
+    height: '100%',
+    width: '100%',
+    alignItems: 'center',
+  },
+  button: {
+    marginHorizontal: 10,
+    padding: 10,
+    backgroundColor: 'black',
+    borderRadius: 50,
+    color: 'white',
+    position: 'absolute',
+    bottom: 50,
+  },
+  text: {
+    fontSize: 20,
+    textAlign: 'center',
+    color: 'white',
+  },
+});
diff --git a/example/src/screens/routes.type.ts b/example/src/screens/routes.type.ts
index 58e39e4..a6af2d2 100644
--- a/example/src/screens/routes.type.ts
+++ b/example/src/screens/routes.type.ts
@@ -18,6 +18,7 @@ export type HomeStackParamList = {
   SVG: undefined;
   Gif: undefined;
   APNG: undefined;
+  Detail: { memoryCacheKey: string };
 };
 
 export type HomeStackProps = NativeStackScreenProps<HomeStackParamList>;
@@ -44,4 +45,5 @@ export enum RouteName {
   SVG = 'SVG',
   Gif = 'Gif',
   APNG = 'APNG',
+  Detail = 'Detail',
 }
diff --git a/ios/TurboImageView.swift b/ios/TurboImageView.swift
index ea8ef4e..b40f78c 100644
--- a/ios/TurboImageView.swift
+++ b/ios/TurboImageView.swift
@@ -99,6 +99,12 @@ final class TurboImageView : UIView {
           }
         }
       }
+
+      if let memoryCacheKey = placeholder.value(forKey: "memoryCacheKey") as? String {
+        let request = ImageRequest(url: URL(string: memoryCacheKey))
+        let memoryCachedImage = ImagePipeline.shared.cache.cachedImage(for: request, caches: .memory)?.image
+        lazyImageView.placeholderImage = memoryCachedImage
+      }
     }
   }
 
diff --git a/src/TurboImage.tsx b/src/TurboImage.tsx
index 0f98959..6d2843b 100644
--- a/src/TurboImage.tsx
+++ b/src/TurboImage.tsx
@@ -52,7 +52,7 @@ const TurboImageView = forwardRef(
       ...restProps
     } = props;
     if (placeholder && Object.keys(placeholder).length > 1) {
-      throw new Error('Choose one hash string, either thumbhash or blurhash');
+      throw new Error('Choose only one placeholder');
     }
 
     const processedIndicator =
diff --git a/src/types.ts b/src/types.ts
index e822a9b..74c3a54 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -28,6 +28,7 @@ type State = 'running' | 'cancelled' | 'completed';
 export type Placeholder = {
   blurhash: string;
   thumbhash: string;
+  memoryCacheKey: string;
 };
 
 export type TaskState = {