Altcoins Catch Fire as Market Sentiment Heats Up

Happy Monday, crypto lovers! In case you missed it, we covered Bitcoin’s new highs and what’s next in our Wednesday newsletter, go check it out! Now, let’s look beyond BTC. Over the past two weeks, Ethereum surged 18%, breaking above $3,600 on the back of record ETF inflows. XRP jumped 24%, while DOGE wasn’t far behind with a 21% gain.

With the Crypto Fear & Greed Index sitting at 74, we’re firmly in the “greed” zone: investor confidence is running hot.

Leaders & Losers

In the past two weeks, Conflux (CFX) soared +185% after breaking a 4-month range, triggering a short squeeze and heavy trading volume. Pudgy Coin (PENGU) jumped +142%, riding ETF speculation, a Coinbase profile switch, and booming NFT interest. Tezos (XTZ) climbed +104%, likely lifted by overall Layer 1 bullish momentum. Meanwhile, Maple Finance (SYRUP) slid -23% as big holders took profits following a strong rally, despite solid on-chain signals.

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What’s Shaping the Market?

Cooler inflation and ETF inflows sparked an altcoin rally, with traders shifting focus as Bitcoin nears its peak.

Altcoins Rally as Softer CPI Fuels Fed Hopes

Ethereum jumped 6% and Solana 4% after cooler US inflation data and strong ETF inflows boosted market sentiment. Analysts say Bitcoin may stall near its all-time high, giving altcoins room to run.

Altcoin Season? Brandt Says It’s Go Time!

Renowned analyst Peter Brandt says the “altcoin season” has begun. In a post on X, he shared a chart showing a bullish “Cup with Handle” pattern in the total crypto market cap (excluding Bitcoin), suggesting a possible breakout. While the Altcoin Season Index hasn’t fully confirmed it yet, its rapid rise hints that momentum is building.

PUMP It Up

On July 12, Pump.fun sold 150 billion PUMP tokens at $0.004 in an ICO, raising $600 million in 12 minutes. The token now trades around $0.006 on Hyperliquid, but many large traders are shorting it. The official launch date is still unknown.

BONK Breaks the Meme Coin Monopoly

LetsBonk topped Pump.fun in daily revenue with $1.23M vs. $520K and 22,000 tokens launched vs. 9,800. Despite this, Pump.fun still leads monthly revenue: $36M vs. $5.7M. Meanwhile BONK, LetsBonk’s token, drives growth with a $1.8B market cap and 430K followers on X.