The altcoin market has shown significant signs of recovery as Bitcoin consolidates at high levels. The CoinMarketCap Altcoin Season Index has risen to 48, meaning that nearly half of the top 100 Altcoin have outperformed BTC in the past 90 days. Although it is still some distance from the "Altcoin season" threshold (above 75), it has improved significantly from the previous slump in single digits.
Bitcoin's market share (BTC.D) has also fallen from a recent high of 61.2% to 60.6%.
Leading the gainers list: ONDO and ICP rose by over 30% in a single week.
The top gainers were led by ONDO in the RWA sector, which surged 34.5% to $0.4695 in a single week. Ondo Finance recently completed the redemption and settlement of cross-border tokenized government bonds, and the continued momentum of the RWA narrative became the main reasons for this round of gains.
Internet Computer (ICP) followed closely, rising 32.8% to $3.97. Other tokens with significant gains included:
- STRK (StarkNet) rose 21.2% to $0.0558.
- PLUME (Plume Network) rose 21.03% to $0.01554.
- DYM (Dymension) rose 19.9% to $0.0241.
The leading tokens in this wave of price increases are scattered across different sectors such as RWA, infrastructure, ZK, and modularization, and are not driven by a single narrative, showing a comprehensive return of funds.
Solana and SUI ecosystem tokens both surged.
The tokens of the two major public blockchain ecosystems, Solana and SUI, experienced a collective surge.
In the Solana ecosystem, SOL is currently trading at around $93, up more than 6% in the past 24 hours.
JUP (Jupiter) rose 18.7% to $0.245, and PYTH (Pyth Network) rose 17.5% to $0.061.
The SUI ecosystem performed even better. SUI itself rose 14.7% to $1.09, driving a broad rally in ecosystem tokens.
- DEEP (DeepBook) rose 30.2% to $0.04 – a gain that even surpassed most non-ecosystem tokens.
- WAL (Walrus) rose 11.6% to $0.086.
- CETUS rose 12.9% to $0.031.
The surge in ecosystem tokens not only reflects a resurgence of speculative sentiment but also indicates a recovery in on-chain activity and DeFi usage.
The seasonal index of 48 is still quite a distance from the 75 threshold of the official altcoin season. However, funds are flowing into different sectors rather than concentrating on a single meme coin or trending topic, which is a relatively healthy recovery pattern. The last time the index broke through 75 from around 50, it took nearly three months.
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