ALISHBA SOZAR

🇺🇸 THE FED IS PREPARING TO SELL U.S. DOLLARS AND BUY JAPANESE YEN FOR THE FIRST TIME THIS CENTURY.

The New York Fed has already done rate checks, which is the exact step taken before real currency intervention. That means the U.S. is preparing to sell dollars and buy yen.

This is rare. And historically, when this happens, global markets surge.

Japan is under heavy pressure. The yen has been weak for years, Japanese bond yields are at multi decade highs, and the Bank of Japan is still hawkish. Together, this creates stress not just for Japan, but for global markets. That is why central banks are now taking the situation seriously.

Japan has already tried to defend its currency many times on its own. But it failed in 2022 and 2024. Even the July 2024 intervention only worked for short time.

History is very clear on this: When Japan acts alone, it does not work. When the U.S. and Japan act together, it does.

We saw this in 1998 during the Asian Financial Crisis. Japan’s solo interventions failed, but when the U.S. joined, the yen stabilized. We saw it even more clearly in 1985 with the Plaza Accord, when coordinated action pushed the dollar down nearly 50% over two years.

That changed everything: The dollar weakened. Gold, Commodities, Non US markets all pumped.

If the Fed intervenes, this is how it'll play out :

- The Fed creates dollars, sells them, and uses those dollars to buy yen.
- That weakens the dollar and increases global liquidity.
- And whenever the dollar is intentionally weakened, asset prices usually surge.

Now look at crypto.

Bitcoin has one of the strongest inverse relationships with the dollar and one of the strongest positive relationships with the yen. Right now, BTC yen correlation is near record highs.

But there is a catch.

There is still hundreds of billions of dollars tied into the yen carry trade. People borrow cheap yen and invest in stocks and crypto. When the yen strengthens suddenly, they are forced to sell those assets to repay loans.

We saw this in August 2024: A small BOJ rate hike sent the yen higher. Bitcoin crashed from $64K to $49K in six days. Crypto lost $600B in value.

- So yen strength creates short term risk for crypto.

- But dollar weakness creates long term upside.

Now, why is this bullish for crypto ?

Because Bitcoin is still well below its 2025 peak. It is one of the few major assets that has not fully repriced for currency debasement.

If coordinated intervention actually happens and the dollar weakens, capital will look for assets that are still cheap relative to the macro shift. Historically, crypto benefits strongly from that environment.

This may become one of the most important macro setups of 2026.

The token $PENGUIN exploded on Solana

And now the whole community is fighting over who really owns it.

Here’s what’s happening:

- The origin of the meme

PENGUIN was born from a viral TikTok clip.

People quickly linked it to Nietzsche’s idea of the Übermensch.

The meme spread fast across Twitter and Solana circles.

- The initial launch

On January 16, 2026, a developer associated with BastilleBTC deployed the token.

The market cap was around $20k and then went flat.

Most people assumed the project was abandoned.

The deployer disappeared and PENGUIN was basically considered dead.

- The community revival attempt

A Solana user known as Dosuka noticed the meme’s potential.

He decided to revive it on his own.

For nearly 48 hours he raided, posted, replied everywhere, and pushed the meme while still working full time in a factory.

He contacted PumpFun and received initial confirmation by email that a Community Takeover could be approved.

The token barely moved.

After enough exposure, the meme clicked.

People started buying.
Volume picked up.
The chart woke up.

PENGUIN began to run.

This is the exact moment when everything changed.

- The takeover controversy

As soon as real traction appeared, PumpFun stopped replying to Dosuka.

Shortly after, they rejected the CTO request, saying another team had already taken over the project.

Almost immediately, a new “official” team appeared.

They started posting.
Claimed ownership.
Took control of the narrative.

Dosuka accused them of waiting for him to do the hard work, then stepping in once the token was alive again.

He publicly stated he was done with CTOs, Solana investments, and the space entirely after repeated rugs and personal losses.

- Onchain evidence?

Users found that the wallet controlling the new “CTO” was directly linked to the original deployer.

Same wallet cluster.
Same funding trail.

The conclusion many reached was simple:

The original team let the token die, allowed the community to revive it, and then reclaimed control once the price started moving.

At the same time, a White House tweet featuring an AI penguin went viral

That brought even more attention and volume.

But governance is broken.

The community doesn’t trust the devs.
The CTO process looks compromised.

Will this be the first big memecoin of 2026?

Tokenization and RWAs will shape the next market cycle, I have no doubt about that.

But the important part is not in tokenizing assets, it is in knowing which assets should never touch a blockchain.

Tokenization is a distribution layer, not a value creation engine.

If the underlying asset lacks predictable cash flow, legal enforceability, jurisdictional clarity, or robust governance, putting it on chain only accelerates its failure.

We already lived through this lesson in TradFi with structured products, where complexity masked risk instead of removing it.

The technical work starts with asset selection.

You need clean title, auditable reserves or production, transparent revenue mechanics, and a legal structure that survives stress scenarios, insolvency, and cross border enforcement.

Without this, smart contracts are just automated uncertainty.

RWAs succeed when tokenization reduces friction without weakening trust.

That means deterministic settlement, on chain transparency for supply and flows, and off chain legal frameworks that are aligned, not abstracted away.

The bridge between law and code is where most projects break.

The future of tokenization is not about volume, it is about credibility.

Capital does not chase novelty, it migrates toward structures that preserve value across cycles.

In my view, the real RWA opportunity sits in assets with long duration relevance, scarce supply, and monetary or productive utility.

Tokenization should make these assets more accessible, more liquid, and easier to audit, not more fragile.

This is not a race to tokenize the world.
It is a discipline of curating reality for the chain.