I read through all the hottest topics on the Plaza last night and noticed everyone was debating one thing: in this altcoin season, who’s really the main character?

Some say AI, some say RWA, and others are betting that MEME coins will break into the mainstream. But after looking at today’s gainers, I have a different perspective.

The real main character has never been a sector. It’s capital.

AGT is up 204% today, and SNXX is up 12%. Could you have found these two projects among the trending topics on the Plaza six months ago? Probably not. But capital found them, and the price action speaks for itself. The buzz on the Plaza often lags behind the market. By the time everyone starts talking about a project, smart money may already be selling.

After trading futures for several years, one of the hardest lessons I’ve learned is this: don’t chase hype—follow the structure. Hype is a thermometer for market sentiment; structure is a map of where capital is flowing. The top five gainers today are all low- to mid-cap assets, all led by futures longs, and all backed by higher-than-expected trading volume. That’s a complete structural signal.

Someone asked me on the Plaza: “Is it still too late to get in?” My answer is always: it depends on what you’re chasing. It’s never too late to chase sentiment; if you chase price, you’re always one step behind; if you follow the structure, only those who position themselves early have a chance of being there when the moment comes.

Where will the next 204% gain happen? I don’t know. But I do know it’ll show up again in some corner that most people have overlooked.

Which sector do you think will explode next? Tell me in the comments, and let’s see if you’re right.

Follow me for livestreams and SMC lessons every night at 21:00.

🌿 Zhao, No Declaration | Not financial advice