I always thought it was a Moai to be honest:
Today’s Emoji
This emoji with the name “Moyai” is often interpreted as a Moai, a monolithic human figure carved out of tuff (a type of rock made of volcanic ash) more than half a millennium ago by the Rapa Nui people on Easter Island. But originally, it was supposed to show a similar looking statue called Moyai, located near Shibuya Station in Tokyo:
#1 Juggling #2 Chart Increasing With Yen #3 Moyai #4 Volcano #5 Old Key #6 Fountain Pen #7 Selfie #8 Milky Way
