MarketWhisper

In early 2026, the Meme coin market in the Solana ecosystem kicked off with a remarkable collective surge. Originating from Japan's internet culture, 114514 became the biggest dark horse, with a single-day increase of up to 992%. An early investor made an astonishing return of over 2.18 million USD within 11 days with a cost of 321 USD.
Meanwhile, the NFT-based Meme coins PENGU and veteran-level player BONK recorded weekly gains of over 45% and 57%, respectively, jointly pushing the total market capitalization of Meme coins on the Solana chain to approximately 6.83 billion USD. This feast driven by cultural consensus and community enthusiasm once again highlights Solana's ecological vitality as an innovative hotbed for Meme coins, but also rings the alarm for market speculation risks.

114514 doubled in two days, skyrocketing 250 times to break through a $40 million market cap. The total market cap of Meme coins rebounded from 35 billion to 50 billion, with Pepe increasing 70% over the week. Investors should focus on three main directions: attention rotation to new hot spots, classic Meme coins, and income-generating projects with token rights implementation.

As the U.S. Senate Banking Committee is scheduled to review and vote on the key Digital Asset Market Structure Bill on January 15, 2026, the XRP market is holding its breath. Driven by optimistic expectations, XRP's price surged to $2.4154 on January 6, reaching a new high since November last year, followed by a slight correction due to profit-taking. Despite short-term volatility, XRP spot ETF continues to see strong capital inflows — with a net inflow of $1.25 billion since listing, far surpassing the Bitcoin ETF during the same period — along with positive fundamentals supporting a medium-term bullish outlook. Market attention is focused on upward targets of $3.0 and even $3.66.

The highly anticipated mobile mining project Pi Network has recently experienced unusual market activity. Its token Pi Coin, amid declining social media discussion, has defied the trend with seven consecutive days of price increases, with daily trading volume soaring to 8 million USD, reaching a near three-week high, forming a rare phenomenon of “discrepancy between volume, price, and social buzz.” Analysis suggests that this may be an early deployment by large investors (whales) under the condition of still low retail investor participation.
Meanwhile, Pi Network has officially launched its first multi-signature wallet, aiming to enhance security and practicality, adding a key piece to its long-term roadmap. The market is watching whether these changes indicate that Pi Coin will break free from long-term skepticism and enter a new development phase.

Coinbase Global Investment Research Director David Duong issued a strong warning, pointing out that the progress of quantum computing may surpass market expectations, with approximately one-third of Bitcoin supply potentially facing the risk of "long-term quantum attacks" due to their public keys being exposed on-chain. Based on on-chain data from the 900,000th block, it is estimated that about 65 million Bitcoins (worth approximately $100 billion) have addresses that are more vulnerable.
This risk has gained the attention of institutions. BlackRock explicitly listed quantum computing as a risk factor in its revised Bitcoin ETF prospectus. This marks a new stage where Bitcoin's security narrative is shifting from theoretical discussion to real risk assessment and defensive preparations.

Fundstrat Research Director Tom Lee stated on CNBC that a bull market may arrive in 2026, with the key being the ISM Manufacturing PMI approaching the 50 breakout point. The index has been below 50 for three consecutive years, with the latest at 47.9. Once it surpasses 50, the economy enters an expansion phase, benefiting risk assets. The surge in Bitcoin after the ISM rebounded in 2020 validates this logic.

PaiCoin 4-hour chart shows a clear ascending triangle pattern, with the price rebounding strongly from the support trendline and once again approaching the resistance zone of $0.2129 to $0.2160. Bitcoin and Ethereum have surged over 7% this week, boosting market sentiment. PaiCoin's technical indicators have met the breakout conditions, with a target of $0.2404, representing a potential increase of about 13%.

The well-known community platform Discord has secretly submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC), planning to go public with the support of Goldman Sachs and JPMorgan Chase. This company, which has over 200 million monthly active users and was once valued at $15 billion, rejected a $12 billion acquisition offer from Microsoft in 2021 and has now chosen to list independently.
This move comes as the U.S. tech IPO market is warming up, with last year's funding more than double that of 2024. For the cryptocurrency industry, Discord's IPO is not only a business milestone but also a key signal that its status as a core infrastructure of Web3 is gaining recognition from mainstream capital markets.

Japanese meme coin 114514 surges nearly 50 times in 48 hours, with a peak market cap of 57 million USD. Originates from a pun of the 2001 Japanese film "Beast Senpai" dialogue. Japan's 2026 Digital Yen policy expects crypto tax to decrease from 55% to 20%. Solana network experiences a chain reaction, with YAJUCOIN rising 7,200%.

The world's largest stablecoin issuer, Tether, officially launches its gold token Tether Gold's new valuation unit, Scudo. 1 Scudo represents one-thousandth of a troy ounce of gold. This move aims to solve the "decimal point problem" of using gold as a payment method on-chain, marking Tether's push of gold as a store of value into a new battlefield as a medium of exchange. This innovation comes as the spot gold price is expected to surpass a historic high of $4,550 per ounce by the end of 2025, and the total market cap of gold tokens is approaching a peak of $4.4 billion, reflecting the market's strong demand for digital hedging assets amid inflation and macroeconomic uncertainties.

Solana's application revenue in 2025 reached $2.39 billion, a 46% year-over-year increase, with 7 applications surpassing $100 million in revenue. Network revenue totaled $1.4 billion, a 48-fold increase over two years; stablecoin supply reached a record high of $14.8 billion; DEX trading volume hit $1.5 trillion, a 57% annual increase.

According to unaudited financial statements obtained from the UK Financial Times, the crypto communication giant Telegram's revenue soared to $870 million in the first half of 2025, a year-on-year increase of 65%. Among them, approximately $300 million in revenue comes from an "exclusive agreement" closely related to the ecosystem cryptocurrency Toncoin, marking a profound reshaping of its revenue structure by crypto business.
However, behind the impressive revenue is an embarrassing net loss of $222 million, mainly due to the impairment of the held Toncoin. Meanwhile, about $500 million in corporate bonds have been frozen at the Central Securities Depository of Russia due to Western sanctions against Russia, casting a geopolitical shadow over Telegram's financial prospects and IPO plans.

XRP retraced to $2.3028 after five consecutive days of gains, hitting an 11-month high of $2.4154. The Senate will review the Market Structure Bill on January 15, and XRP has surged 33% on the news. ETF total inflows reached $1.25 billion with zero outflows. It broke below the 200-day moving average but remains above the 50-day moving average. The medium-term target is $3.0, and the long-term target is $3.66.

Flow Foundation discloses a protocol-level vulnerability on December 27 resulting in a loss of $3.9 million. Attackers exploited a Cadence flaw to duplicate assets rather than steal them, leading validators to pause the network for 6 hours. FLOW plummeted 40% in 5 hours, dropping from $40 in 2021 to $0.075. Flow was created by Dapper Labs and has received $725 million in investment from a16z.

MSCI, a leading global index provider, announced on Tuesday that it will temporarily suspend the implementation of a proposal that could remove digital asset treasury companies from its global indices. This means that companies like Strategy, which hold over $60 billion in Bitcoin, can remain in the "club" for now. The move directly boosted Strategy's stock price by about 5% in after-hours trading, recovering from the day's decline. The decision temporarily alleviated market concerns about billions of dollars in passive funds potentially flowing out, but MSCI also stated that it will initiate a broader review of "non-operating companies," laying the groundwork for potential rule adjustments in the future.

114514 coins become the latest wealth creation myth in the crypto market. This meme coin, originating from a Japanese internet meme, surged nearly 50 times in 48 hours, with a market cap surpassing $50 million. On-chain data shows that early buyers accumulated 45.58 million tokens through DEX in multiple batches, achieving a 6800x return when the price skyrocketed to $0.048.

On January 5, 2026, the world's largest digital asset management company Grayscale announced that its Ethereum staking ETF (ETHE) will distribute its first staking yield to shareholders, totaling approximately $9.4 million. This marks the first time that on-chain staking rewards from a U.S.-listed spot cryptocurrency exchange-traded product (ETP) have been converted into "dividends" for traditional financial products, representing a milestone in structural significance. This move not only upgrades a simple price-tracking tool into an income-generating asset but also could trigger a new round of competition among mainstream institutions around "yield," attracting a broader range of traditional income-focused investors into the crypto market.

Global financial giant Morgan Stanley has submitted documents to the US SEC to apply for spot Bitcoin and Solana ETFs. This not only marks the bank managing trillions of dollars in assets officially entering the cryptocurrency fund space but also could inject new vitality into the traditional financial markets. If approved, these products will provide qualified investors with a regulated direct investment channel in digital assets, further promoting the integration of cryptocurrencies into mainstream investment portfolios. This application comes at a time when the US spot cryptocurrency ETF market assets under management have surpassed $150 billion, indicating sustained strong institutional demand.

Coinbase Global Investment Research Director David Duong warns that the pace of quantum computing advancement is exceeding expectations, with about one-third of Bitcoin being vulnerable to quantum attacks due to exposed public keys. BlackRock has already listed quantum computing as a risk in May, and researchers predict that within 4 to 5 years, quantum computers may be able to crack Bitcoin's encryption technology.

The main short seller Steve Eisman warns that Bitcoin's weakness indicates funds are shifting to tangible economic stocks. Strategas's Verrone pointed out that sectors like transportation, banking, and chemicals are taking the lead, with Bank of America stock reaching a new high in 2006. Bitcoin is below the 125,000 high point, and Verrone states, "2026 belongs to physical assets."