Meme Coin 'memes' Market Cap Surges to $10 Million, Now Trading at Around $0.0104

**MilkyWay Completes Final Protocol Revenue Distribution, Prepares to Shut Down Permanently** On January 23, MilkyWay finalized its final protocol revenue distribution to the community, totaling 92,708 USDC. The sum was converted from fees collected in TIA, INIT, and BABY tokens, with distributions tied to the final protocol snapshot. Eligible participants included MILK token holders, MILK stakers, and liquidity providers. A 1 USDC minimum threshold applied—addresses with distributions below this threshold will not receive funds. In a prior announcement, MilkyWay confirmed it is winding down operations and will shut down permanently. The protocol cited three core reasons for the closure: decentralized finance (DeFi) demand fell short of expectations, the WayCard was launched too late, and it failed to alleviate funding pressures in a timely manner.

**January 23: GMGN Data Shows DONT’s Top Address Has $1.03M Unrealized Profit (396x Return)** On January 23, GMGN data reveals the top wallet for meme coin DONT invested $2,600 when the token’s market cap was $35,600. As DONT’s price climbed, the address gradually sold off ~$200,000 worth of tokens—but its remaining holdings still hold an unrealized profit of $1.03 million, a 396x unrealized return. Previously, DONT is a meme coin issued by the third-largest treasury firm in the Solana ecosystem, which holds 30% of DONT’s supply. That firm is DeFi Development (DFDV), Solana’s third-largest treasury, with its treasury holding ~2.2 million SOL tokens (valued at ~$285 million).

On January 23, blockchain monitoring platform LookOnChain reported that a newly created wallet (address: DywvRW) withdrew 19,650 SOL (valued at $2.56 million) from Binance. The funds were used to purchase 4.02 million Fartcoin (worth $1.22 million), $1 million worth of PUMP, and 38,504 META.

January 23 — The Bank of Japan (BOJ) held its benchmark interest rate steady at 0.75%, matching market expectations. The central bank added that it will continue raising its policy rate if economic and price developments remain in line with its forecasts and improve as the economy and prices advance. (Xinhua)

On January 23, Vitalik shared a post stating that 2026 will be the year of reclaiming computing self-sovereignty, highlighting the start of reducing data leakage to centralized services. He noted he switched to Fileverse encrypted documents and Signal/Simplex/Session messaging apps last year—all decentralized open-source tools—and plans to further transition to OpenStreetMap, Protonmail, and decentralized social networks in 2026 to safeguard location and communication privacy. Vitalik also discussed the progress and pain points of deploying large language models (LLMs) locally, outlining a future path for efficient privacy computing through a combination of technologies like zero-knowledge proofs (ZKP), trusted execution environments (TEE), and fully homomorphic encryption (FHE).