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Islamic Coin Rises 470% in 24 Hours After Ethiq Launch

3 min read
Marina Sokolova
Islamic Coin Rises 470% in 24 Hours After Ethiq Launch

Key Takeaways

  • 1 Islamic Coin (ISLM) surged 470% within 24 hours on Jan. 9, 2026, rising from under $0.01 to nearly $0.06.
  • 2 After the peak, ISLM settled around $0.045–$0.05 as the rally cooled.
  • 3 ISLM’s market capitalization expanded from roughly $23 million to over $120 million during the move.
  • 4 The immediate catalyst was the mainnet launch of Ethiq, HAQQ’s Ethereum Layer 2 solution.
  • 5 Ethiq is presented as a 'Unified Value Layer', built on the Optimism OP Stack and fully EVM‑compatible.
  • 6 Trading volume reached about $8 million at the rally’s peak, while critics note past regulatory and fundraising concerns.

Islamic Coin jumped 470% in 24 hours on Jan. 9, 2026 after HAQQ launched Ethiq L2; ISLM’s market cap grew from about $23M to over $120M amid a peak $8M volume.

Islamic Coin (ISLM) posted an extraordinary intraday move on Jan. 9, 2026, jumping roughly 470% from under $0.01 to nearly $0.06 within 24 hours before pulling back to the $0.045–$0.05 range. This surge pushed ISLM back into mid‑cap territory as its market capitalization rose from about $23 million to more than $120 million during the spike. Market participants widely attributed the rally to the HAQQ network’s launch of Ethiq, an Ethereum Layer 2 mainnet intended to anchor liquidity and applications for the ecosystem.

Islamic Coin's 470% Surge in 24 Hours

The price action was dramatic: ISLM moved from a long period of horizontal accumulation to an explosive gain within a single day, peaking near $0.06 before stabilizing in the mid‑cent range. At the same time, trading activity picked up sharply, with volume reaching approximately $8 million at the height of the rally, confirming that the move involved substantial capital flow rather than only thin liquidity. The combination of rapid price appreciation and heavy volume translated into a market cap jump from roughly $23 million to over $120 million, repositioning ISLM on global performance lists.

Ethiq Layer 2: The Catalyst Behind the Rally

HAQQ announced Ethiq as its strategic Ethereum Layer 2 solution and described it as the network’s "Unified Value Layer"—a backbone intended to gather liquidity and host applications across the ecosystem. Technically, Ethiq inherits security characteristics from the Ethereum mainnet while using the modular Optimism OP Stack and offering full Ethereum Virtual Machine (EVM) compatibility. That combination is positioned to make it easier for Ethereum developers to port or build Shariah‑compliant dApps and for the HAQQ community to capture and distribute economic value created on the chain.

Controversies Surrounding Islamic Coin

Despite the technological rollout, ISLM remains controversial. The project has faced regulatory scrutiny in the past, including a block by a Dubai regulator, and critics continue to question fundraising transparency and other early‑stage issues. The HAQQ Association has denied allegations of links to illicit actors, and supporters point to fatwa endorsements, but the debate over marketing ISLM as an "ethics‑first" asset persists within both crypto and Islamic finance circles.

Technical Analysis and Market Signals

Technical indicators showed extreme short‑term overextension at the rally’s peak: the relative strength index moved into the 90+ range, and the MACD displayed a strong bullish crossover with a widening histogram—features commonly associated with a parabolic advance. While the immediate technical picture remained bullish, those same indicators typically precede periods of consolidation or sharp mean reversion, so traders noted elevated risk alongside the momentum.

Почему это важно

Если вы майните в России, прямая связь между скачком цены ISLM и вашей рентой на оборудование может быть минимальной, особенно если вы добываете другие монеты, а не ISLM. При этом резкие ценовые движения важны из‑за влияния на ликвидность и обменные курсы: всплески торгов показывают, что на рынке появились покупатели и продавцы с реальными суммами, а это влияет на скорость вывода средств и спреды на биржах. Кроме того, новости о регуляторных рисках остаются актуальными: локальные ограничения и требования к верификации могут повлиять на доступность торгов и выводов для российских пользователей.

Что делать?

  • Не гоняться за пампом: не вводите в рынок больше средств, чем готовы потерять; большие колебания цены могут быстро обесценить споты, купленные во время пика.
  • Проверить ликвидность и лимиты бирж: убедитесь, что площадки, где вы держите средства, позволяют быстро вывести суммы вашей величины без существенных задержек.
  • Рассмотреть частичную фиксацию прибыли: если вы держите ISLM и зафиксировали рост, переведите часть средств в фиат или стабильные активы для снижения риска волатильности.
  • Следить за регновостями и соответствием требованиям KYC/AML: прошлые блокировки и вопросы прозрачности означают, что оперативные изменения в правилах могут повлиять на операции.
  • Хранить резервные копии ключей и настроить двухфакторную аутентификацию на аккаунтах бирж и кошельков для защиты активов.

For additional reading on how tokenization and market capitalization behave across crypto assets, see market capitalization trends and background on tokenized assets like tokenized shares.

Frequently Asked Questions

What caused Islamic Coin’s 470% surge?

The rally was driven by the launch of Ethiq, HAQQ’s Ethereum Layer 2 solution, which the project presented as its "Unified Value Layer."

How did the market react in terms of capitalization and volume?

ISLM’s market capitalization rose from about $23 million to over $120 million during the move, and trading volume peaked at roughly $8 million.

Are there controversies around Islamic Coin?

Yes. ISLM has faced regulatory scrutiny, including a block by a Dubai regulator, and critics have raised concerns about fundraising transparency despite fatwa endorsements.

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