📰 Bankless co-founder David Hoffman directly addresses the issue: the altcoin season has already started, and the real market move is coming sooner than people think.
Back in May this year, he also publicly said he sold out of ETH and rotated into VVV, NEAR, ZEC, HYPE, and LIT. Looking back, these tokens have indeed been outperforming ETH, which explains why the group is once again debating whether funds should rotate from BTC/ETH into altcoins.
🔥 HYPE is the one in this piece with the strongest data backing it. Hyperliquid’s open interest reached $16.36 billion. In the HIP-3 market, trading volume for perpetual contracts on the platform accounts for nearly half; at the beginning of the year, that figure was only about 2%. Add in cumulative buybacks and burns totaling more than $1.3 billion, and it’s hard to ignore the attention flowing to it.
💡 As for projects like UNI and PUMP, what they benefit from is the expectation of stock tokenization and changes in regulatory policy. Uniswap v4 is already live with Permissioned Pools, and Pump.fun has also started supporting meme pairings between coins and stocks. Honestly, once regulators create space, those once-sidelined old projects could suddenly be surfaced again by the market.
👀 But if altcoin season is truly going to last, you can’t rely on calls made for just one or two days. LIT, Morpho, and ZEC each correspond to entirely different narratives: on-chain derivatives, lending, and privacy, respectively. The logic is completely different, and capital rotation won’t necessarily be evenly distributed. Unexpectedly, the strongest momentum in this round came from ZEC, which hasn’t had as much visibility in the past.
🤔 Do you think this time marks the real start of altcoin season—or just a short-lived hot-spot rotation?
#山寨季 #HYPE #UNI #ZEC
Back in May this year, he also publicly said he sold out of ETH and rotated into VVV, NEAR, ZEC, HYPE, and LIT. Looking back, these tokens have indeed been outperforming ETH, which explains why the group is once again debating whether funds should rotate from BTC/ETH into altcoins.
🔥 HYPE is the one in this piece with the strongest data backing it. Hyperliquid’s open interest reached $16.36 billion. In the HIP-3 market, trading volume for perpetual contracts on the platform accounts for nearly half; at the beginning of the year, that figure was only about 2%. Add in cumulative buybacks and burns totaling more than $1.3 billion, and it’s hard to ignore the attention flowing to it.
💡 As for projects like UNI and PUMP, what they benefit from is the expectation of stock tokenization and changes in regulatory policy. Uniswap v4 is already live with Permissioned Pools, and Pump.fun has also started supporting meme pairings between coins and stocks. Honestly, once regulators create space, those once-sidelined old projects could suddenly be surfaced again by the market.
👀 But if altcoin season is truly going to last, you can’t rely on calls made for just one or two days. LIT, Morpho, and ZEC each correspond to entirely different narratives: on-chain derivatives, lending, and privacy, respectively. The logic is completely different, and capital rotation won’t necessarily be evenly distributed. Unexpectedly, the strongest momentum in this round came from ZEC, which hasn’t had as much visibility in the past.
🤔 Do you think this time marks the real start of altcoin season—or just a short-lived hot-spot rotation?
#山寨季 #HYPE #UNI #ZEC
