The newly created #LFGROSS token, launched to commemorate Ross Ulbricht's pardon, has quickly gained traction, achieving a market capitalization of $497,750 by midday on January 22, 2025. In just 20 minutes, the token recorded a trading volume of $719,190, and its market cap previously stood at $138,588 shortly after its launch. The project is characterized as a community-driven initiative, with Ulbricht reportedly holding 3.2 million tokens. Supporters express confidence in the token's potential, aiming to reach a market cap of $1 million within the day. In related cryptocurrency news, the trading platform Hyperliquid reached a record-high daily trading volume of $22 billion, reflecting a broader surge in trading activity across the sector. Deribit also reported a substantial increase in trading volumes, totaling over $1.1 trillion for the year 2024, marking a 95% rise from the previous year, influenced by events such as the U.S. elections and Bitcoin's price surge.