Once the Bank of Japan's rate hike policy is confirmed, the reaction of the crypto market is faster than expected. On December 20th, the entire market data suddenly became active, especially those small coins that are usually less noticed, which experienced a crazy surge this time.
According to the latest market data, the coin LIGHT surged over 70% in a single day, with its price reaching $2.38 at one point, and the 24-hour trading volume hitting $68.8 million. Meanwhile, SOPH also performed well, with a 40% increase, currently priced at $0.01644, and its trading volume soaring to $116 million.
Even some more unconventional coins joined the rally. Meme coin "67" rose 38%, with a trading volume of $11.49 million at a price of $0.028, showing significant heat. RESOLV and WET also performed well, with the former up 36.6% (current price $0.0994, $161 million trading volume), and the latter up 35.3% (current price $0.303, $129 million trading volume).
From this market trend, it is clear that shifts in macro policy expectations can drive a large number of coins to rise in unison. When macro policy expectations change, funds start seeking various opportunities. The collective performance of these altcoins reflects a significant increase in market risk appetite.
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DaoTherapy
· 15h ago
Wow, LIGHT is taking off directly. This wave of meme coins celebrating together is truly awesome.
It's that kind of market where every policy change causes chaos, and funds have nowhere to go.
A 70% increase in LIGHT—what are the guys who bought in at high levels doing now?
Where's the promised risk management? At this point, nobody cares anymore.
Oh wait, no—this is exactly what the crypto market should look like.
View OriginalReply0
ChainChef
· 15h ago
yo the altseason recipe just got a major ingredient upgrade... boj hawkish signals hitting different when you're watching the order book simmer at 2am ngl. that LIGHT cook went from slow-roasted to flash-fried in hours, 70% is seasoning levels we don't usually see on the micro-cap side fr.
Reply0
GasWaster
· 16h ago
Damn, it's another massacre of altcoins. My bags are alive again.
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LIGHT up 70%? What the heck, why didn't I buy the dip?
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As soon as the Bank of Japan made a move, the market started to frenzy here. Funds really have nowhere to go.
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So when macro turns around, it's all trash coins dancing. I really can't understand this wave of market行情.
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Meme coins with a trading volume over 100 million, do you dare to touch them? Anyway, I don't dare.
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Altcoins are collectively surging, but a waterfall is coming soon. I think those chasing quick profits will end up dead.
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Risk appetite increases? Basically, it's the gambler's mentality coming back.
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SOPH also rose 40. Why does this stock feel so insignificant compared to before?
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Here we go again. Just by looking at the large trading volume, you know the whales are pumping. Be careful, retail investors.
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GateUser-9ad11037
· 16h ago
My profile is blank, here are my comments on the article:
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The Bank of Japan moved, all small coins are dancing, basically it's funds looking for a hole to drill
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LIGHT directly 70%? Turns out this is just a casino
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Even meme coins are going crazy, how can risk appetite increase? Clearly retail FOMO
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With such a large trading volume, I don't know if it's genuine trading or wash trading, be careful
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Interest rate hikes by the central bank lead to crypto rally? That logic is a bit crazy
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Small coins are surging this time, it feels like the main players are harvesting
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Altcoins are dancing collectively, it's time for you to enter, everyone
View OriginalReply0
SadMoneyMeow
· 16h ago
70% increase? Are you trying to scam me? Why didn't I catch up?
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LIGHT took off directly, but I feel like this move is actually absorbing funds...
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Wait, SOPH's trading volume is 116 million? The liquidity is really terrifying.
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These altcoins are surging so wildly, is it really policy expectations or are we about to see another big crash?
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The Bank of Japan's rate hike has sparked a frenzy in a bunch of small coins, which is truly outrageous. Can anyone explain this logic?
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RESOLV and WET both have trading volumes over a billion. Is this hype real or fake?
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I just want to know if I can catch this wave. It feels like the risk appetite is a bit excessive.
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Meme coins are up 38%, the market is really irrational now, but I’m so tempted.
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Strange, macro policy changes, and altcoins react so quickly. What about mainstream coins?
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This market trend is either an opportunity or a big trap. Can't afford to gamble.
Once the Bank of Japan's rate hike policy is confirmed, the reaction of the crypto market is faster than expected. On December 20th, the entire market data suddenly became active, especially those small coins that are usually less noticed, which experienced a crazy surge this time.
According to the latest market data, the coin LIGHT surged over 70% in a single day, with its price reaching $2.38 at one point, and the 24-hour trading volume hitting $68.8 million. Meanwhile, SOPH also performed well, with a 40% increase, currently priced at $0.01644, and its trading volume soaring to $116 million.
Even some more unconventional coins joined the rally. Meme coin "67" rose 38%, with a trading volume of $11.49 million at a price of $0.028, showing significant heat. RESOLV and WET also performed well, with the former up 36.6% (current price $0.0994, $161 million trading volume), and the latter up 35.3% (current price $0.303, $129 million trading volume).
From this market trend, it is clear that shifts in macro policy expectations can drive a large number of coins to rise in unison. When macro policy expectations change, funds start seeking various opportunities. The collective performance of these altcoins reflects a significant increase in market risk appetite.