Japan's rate hike stimulates the market; these cryptocurrencies have surged over 30% in a single day

【Blockchain Rhythm】Yesterday, the Bank of Japan officially implemented its interest rate hike policy, and market risk sentiment clearly improved. The cryptocurrency sector responded with a rally, and many small coins performed remarkably.

Market data shows several noteworthy gains. LIGHT led the way, surging over 70% in a single day, currently trading around $2.38, with a 24-hour trading volume of $68.8 million, indicating strong popularity. SOPH followed closely, up 40%, at $0.01644, with a 24-hour trading volume surpassing $116 million.

Meme coin “67” also did not lag behind, rising 38% in a single day, now priced at $0.028, with a trading volume of $11.49 million. RESOLV increased by 36.6%, at $0.0994, with a 24-hour trading volume of $161 million. WET rose 35.3%, priced at $0.303, with a trading volume of $129 million.

The positive macro policy seems to have opened up market imagination, and the appeal of risk assets has clearly increased in this wave of market activity. However, it is important to remind that these small coins are highly volatile and risky, so trading should be done with caution.

LIGHT68.57%
SOPH-10.45%
RESOLV-3.78%
WET9.76%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
PanicSeller69vip
· 19h ago
LIGHT 70%?Is this a shakeout or a real breakout? I'm a bit confused right now. This surge is outrageous, feels like another round of rug pulls. Can Japan's rate hike really be traded like this? All the small coins today are probably just inflated. SOPH's trading volume broke 100 million, that's interesting, but can such heights be sustained? Number 67, this name feels like a gambler's game. I just want to know if these increases are genuine demand or if institutions are playing. Let's wait for the dip to come back before talking. Currently, this heat is a bit strange. I've never even heard of RESOLV and WET, how dare they follow the trend? Oh my, these small coins are rising over 30% in a day. Are they going to be halved tomorrow? Feels like gambling with luck, not investing. Does Japan's rate hike really have such a big impact on small coins? I don't quite believe it.
View OriginalReply0
MiningDisasterSurvivorvip
· 19h ago
Another Ponzi scheme has started, with a 70% increase in a single day. I've experienced this before; it was just as crazy in 2018. And the end? The project team runs away, and who will cover the contract risk? A meme coin that rises 38% in one day— isn't this the standard for a Ponzi scheme? Newbies really can't learn. Is this all Japan's rate hike? I think it's just paving the way for the next sucker.
View OriginalReply0
SilentObservervip
· 19h ago
Japan's rate hike directly boosts the market, small-cap coins are really taking off LIGHT's recent surge is outrageous, a 70% jump overnight Can't catch up with this kind of market, always a step behind Meme coins are also going crazy, a bit scared that the rise is too fast With such high trading volume, could it be the final frenzy before a sell-off? The Bank of Japan still has some tricks up its sleeve, need to keep a close eye on the follow-up developments This round of the market feels a bit fake, anyone who dares to jump in is a true warrior
View OriginalReply0
SchrodingerAirdropvip
· 19h ago
LIGHT 70% surge is unbelievable. Is this really a favor from the Bank of Japan? Surely someone will buy the dip again. Be careful not to be the last one holding the bag. How do these small coins always manage to rise like this? I just want to know who will be the next to crash. Wait, SOPH's trading volume has broken 100 million. Is this data really accurate? If Japan's rate hike can really boost the market, then we need to keep a close eye on the central bank's moves. Such a rapid increase actually makes me a bit cautious. Feels like a change is coming. LIGHT took off directly, causing me to miss another small bull run.
View OriginalReply0
SchrodingerWalletvip
· 19h ago
When Japan raised interest rates, all the small coins surged. This market rally is really exciting. Just looking at LIGHT's 70% increase, it's crazy. Is this the start of a takeoff? SOPH, 67, RESOLV took turns bombarding the market. Do I feel like I missed out on a billion? Such a 30%+ daily increase used to be typical for meme coins. Is it happening again now? Wait, with these coins' trading volumes so high, could this be the prelude to a rug pull? LIGHT at $2.38, feels like it's time to buy in... No, I’ll just watch and not act. Small coins are performing even more aggressively than Bitcoin this time. Can someone explain this logic to me? Interest rate hikes → crypto rises? Does this correlation make sense, or is it just hype? With such large trading volumes, are retail investors really involved, or are institutions playing around? I bet that when the next big dip happens, these coins will fall even faster than they rise.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)