The term for today is MOON .
A sharp rise in the price of a cryptocurrency is usually called MOON or mooning in the crypto lingua franca.
"An altcoin is going to the MOON " simply means there is a strong spike in its price.
Similar to most terms in crypto slang, this too cannot be taken for face value.
Here is an example for the use of MOON in a reddit post. "Bitconnect still has a higher marketcap than a lot of worthy coins. What's going on? Could it rise again if bitcoin MOONS ? Who's still buying it?"
You may also read LAMBO .
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.