Japan's Memecoin Frenzy Heats Up as Early-2026 Risk Appetite Returns

Japan-led memecoin trading surged in early January 2026, with culturally rooted tokens like Solana-based $114514 posting explosive gains and helping lift the global memecoin market back above $52 billion. Driven by Japanese social media momentum, numeric meme culture, and Bitcoin’s stability above $90,000, the rally signals a renewed risk-on phase for retail traders—though extreme volatility underscores the speculative and fragile nature of the move.