๐Total 3 (Total Marketcap excluding BTC, ETH, and stablecoins) is near an all-time high.
However, many blue-chip altcoins currently in the top 50 are down by 50%โ80%.
The reason? #Solana ๐ฐ memecoins.
Every day, 100k new coins are being launched, and liquidity is chasing them. Exchanges are listing these coins for money instead of focusing on quality projects.
For the altcoin season to start, Solana needs to top out, and ETH needs to start rising.
Thereโs no altcoin season without an #ETH pump.