It's easy to understand why the Japanese yen coin is soaring. It feels exactly like our Binance Life during September and October. Foreigners probably felt the same way about us back then.
I originally thought that a market cap of $10 million with the number
#114514 was the absolute limit, but now it's already reached $50 million.
The main reasons are two:
1. Policy利好 (favorable policies)
One reason is that the Japanese government plans a major overhaul of
#加密税 , cutting the current maximum miscellaneous income tax rate from 55% down to a uniform 20%, treating it the same as stocks. This is expected to be included in the 2026 tax reform blueprint.
2. Player FOMO (fear of missing out)
Another reason is that Japanese players are just starting to explore memecoins, full of confidence and enthusiasm. Previously, liquidity was mainly dominated by Western and Chinese-speaking communities, with little community effect from Japan.
But now, Japanese crypto traffic is extremely high. I randomly check a $114514 token with 5 million in volume, and it's completely normal. This shows that Japanese players' liquidity is about to surge.
If $114514 truly breaks through and attracts the Japanese community, it will bring in fresh new capital. By winter break, I believe liquidity is continuously flowing back into the market...
Looking forward to the arrival of spring for
#MEME .