Altseason approaches as traders focus on utility and revenue

Altseason may be nearing, but traders appear to be choosing tokens more carefully than in past cycles. Recent market data shows gains concentrated in assets tied to revenuegenerating protocols, DeFi, privacy, AI, and tokenized assets rather than a broad rally across the entire altcoin market. Over the past month, several tokens posted large moves, including UNI, ARB, NEAR, ZEC, and memecoinrelated projects such as PONS and PUMP. Analysts cited in the article say this pattern suggests capital is clustering around a smaller set of narratives, with buyers participating more selectively and often in smaller amounts. CoinMarketCap’s altcoin season index has risen but has not yet crossed the threshold that would mark an official altseason. The article also notes that dealer participation has fallen compared with late 2024, while access to altcoin trading has become easier through mainstream platforms, giving retail traders more ways to enter the market.