HYPE, JTO and WLD wins are looking more like excep
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HYPE, JTO and WLD wins are looking more like exceptions than an altcoin season signal
The best altcoin rallies of the past month had real catalysts behind them, the problem is that the rest of the market did not follow.
WLD, JTO, HYPE and a few others surged on token-specific catalysts, but the wider altcoin cohort barely improved.
02CoinGecko's others dominance slipped even as Bitcoin's share fell, with stablecoins absorbing the freed market share.
03CryptoQuant shows 15 straight months of net altcoin spot selling, leaving rallies vulnerable unless breadth and buying pressure recover.
The WLD token surged 149.6% over the past month, XLM climbed 54%, JTO posted a 46.7% gain, and HYPE set a new all-time high of $77 on June 16. Yet the market dominance of the altcoin cohort excluding Bitcoin, Ethereum, and stablecoins slipped from 21.41% to 21.16% over the same period and is down from 23.55% at the start of the year, according to CoinGecko data.
Other altcoin gains over the past 30 days include NEAR up 28.3%, LIT up 31%, and AERO up 17.6%. Over seven days, the leaderboard extended further: JTO added 42.5%, AERO 36.8%, WLD 33%, and UNI, XLM, AAVE, JUP, and ENA all posted double-digit gains.
The “others” decline came alongside a drop in Bitcoin dominance, from 58.16% to 56.96%, and stablecoin dominance rose from 10.79% to 12.53% to absorb that freed share.
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