Recently, as Bitcoin has strongly broken through the $78,000 mark, the altcoin market has seen a notable rebound. In just a few days, the total market capitalization of altcoins surged by more than $200 billion, reclaiming levels above $1.13 trillion and with market activity rising significantly.
This round of行情 shows clear structural differentiation; the era of broad-based “all coins flying together” is unlikely to return. Capital is highly concentrated in leading assets with real business and protocol revenue. Among them, ENA (Ethena), driven by favorable institutional partnerships and financing, skyrocketed by over 100% within a single week to lead the field. Tokens such as PUMP, ZEC, and AAVE also rose by more than 60%, with ZEC even setting a new all-time high.
Although market sentiment is warming, the altseason index is still in its early stage, and many smaller, late-stage projects continue to face the risk of liquidity drying up. Going forward, only high-quality projects that align with trends such as RWA and stablecoins can truly absorb the mainstream coins’ overflow capital.
This round of行情 shows clear structural differentiation; the era of broad-based “all coins flying together” is unlikely to return. Capital is highly concentrated in leading assets with real business and protocol revenue. Among them, ENA (Ethena), driven by favorable institutional partnerships and financing, skyrocketed by over 100% within a single week to lead the field. Tokens such as PUMP, ZEC, and AAVE also rose by more than 60%, with ZEC even setting a new all-time high.
Although market sentiment is warming, the altseason index is still in its early stage, and many smaller, late-stage projects continue to face the risk of liquidity drying up. Going forward, only high-quality projects that align with trends such as RWA and stablecoins can truly absorb the mainstream coins’ overflow capital.