PEPE recorded a 20% increase today, making it the most eye-catching among mainstream tokens. Interestingly, there are currently no other frog-themed tokens in the Solana ecosystem that have surpassed the $10 million market cap threshold. During this cycle, almost every top KOL has been bearish on PEPE. But that's the core issue—PEPE is deeply rooted in internet culture and the DNA of Web3. It is no longer a project that needs approval. If it truly makes a move, its subsequent performance could surprise many. The market often underestimates the influence of cultural power.

The easing script for 2026 is beginning to emerge. Barclays Bank gave a clear signal after the January FOMC meeting: the Federal Reserve is likely to cut interest rates by 25 basis points in March and June. This is not new, but the key point is—this time, it's different. **Why is this year different?** In the December FOMC minutes, the Fed signaled "we need time." In January, they are likely to keep rates steady, mainly to see how quickly inflation is actually falling. Don’t be fooled by the market’s daily short-term fluctuations; the smart money has already priced in a policy shift for 2026. Rate cuts may look like money printing and liquidity injection, but fundamentally, they are the central bank adjusting the economic thermometer. When monetary policy shifts from tightening to easing, the entire liquidity landscape will be reshuffled. **What does this mean for crypto assets?** High-consensus tokens like SOL, FIL, and XRP often serve as indicators of capital reallocation during policy shifts. Every "spoiler" in policy triggers a re-pricing of liquidity assets. The key is not the rate cut itself, but which community consensus is strong enough to serve as a true navigation tool during policy cycles. Simply put: watching the Federal Reserve’s moves is more profitable than watching daily K-line yields.

Looking at the recent market rhythm, it can be seen that the plight of altcoins has basically passed. From the overall market rotation logic, first BTC, BNB, ETH, SOL, BCH, ZEC, these leading mainstream coins began to rebound, followed by the heat transferring to community ecosystem tokens like PEOPLE, PEPE, DOGE, which then surged accordingly. Further on, even the once popular old coins—such as SHIB, WIF, and other sentiment tokens—show signs of recovery. However, some stubborn players are still declining alone, appearing a bit out of place. The performance of ETH is worth noting. Although the gains are still moderate, the rhythm suggests it should enter a sideways consolidation phase. From a technical perspective, the 3080 level has formed a recent resistance zone, and tonight’s movement is likely to undergo sufficient oscillation confirmation around this area.