Looking at the wind direction from the treasury: which copycats are being paid for by enterprises in 2025
If the market is a thermometer of emotions, then "treasury allocation" is the voting device of enterprises. Who puts real money on the balance sheet and bets on which altcoins are often more reliable than the buzz of social media. In 2025, we will see more and more listed companies incorporating non-BTC and non-ETH tokens into their treasuries in public disclosures, such as FET and TAO in the AI track, HYPE and ENA in the new DeFi infrastructure, as well as payment veterans LTC and TRX, and even DOGE with a stronger community color. Behind these positions, there is both business synergy and asset diversification, which gives ordinary investors a window to "see the wind direction": who buys, why buys, and how to use it after buying. Starting from these questions, it will be easier for you to distinguish between strong and weak narratives, and understand which copycats are being taken seriously by "institutionalized funds".