💬 Opinion: Although the "copycat season" has not yet arrived, institutional investors have begun to increase their holdings of $SOL Nic Puckrin @nicrypto, co-founder of Coin Bureau, said in a post on platform X that there is still a long way to go before the so-called "copycat season", and that the current spot trading volume in the altcoin market is still below the levels of January 2025 and March 2024, and also well below the levels of 2021. However, some institutions have begun to increase their holdings by $SOL before the arrival of the "copycat season", such as DeFi Development Corp's SOL holdings have exceeded $100 million, SOL Strategies has recently increased its holdings of more than 120,000 SOL, and the growth of new developers on the Solana chain has just surpassed Ethereum, with a year-on-year increase of 83%, developers are choosing Solana, 65% of SOL is currently staked, and open interest is also rising.
Wen Altseason? We have a looong way to go before we see the same levels of interest in alts that we saw in previous rallies. This chart is quite striking: Altcoin spot trading volume. We are below Jan levels, below March 2024 levels and miles below 2021 levels.
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