HEI token rallied 150% in a single day following sustained large purchases that began at 14:04 Moscow Standard Time, with the cryptocurrency climbing to the top of open interest gainers within minutes of the buying surge. The timing coincided with Heima Network's announcement that voting would commence on a proposal to burn 16.5 million HEI tokens, a deflationary measure that typically attracts speculative interest.
Open interest in HEI accelerated sharply by 15:19 MSK as the token established itself as the leading gainer by this metric. The synchronized movements between institutional accumulation and the burn proposal suggest the market priced in positive expectations ahead of the governance vote.
Separately, ALLO token extended gains to approximately 140% following previous day mentions of momentum, adding to the day's broader pattern of concentrated volatility in smaller-cap assets. The token had already advanced 70% during the reporting period on sustained buying pressure.