Altcoin Season: OKB, Arbitrum, and SEI Lead the Charge
The AltSeason movement is gaining momentum, with capital flows shifting towards tokens with recent measures or relevance in infrastructure. Despite Bitcoin still leading with a market share of over 60%, OKB, Arbitrum, and SEI are emerging as new focuses, particularly OKB. The OKB price rose around 120% within 24 hours, jumping to around $100, while the daily volume exploded to over 1.2 billion US dollars.
The surge followed OKX’s announcement of a 65 million token burn, with more than 50% of the offer removed and classified with 21 million OKB. The exchange also introduced its X-Layer blockchain, built with Polygon ZKEVM, which boasts 5,000 TPS and zero gas costs to support DeFi, real-world assets, and payments. Oktchain is being phased out in favor of this upgrade.
OKB’s Explosive Growth and Arbitrum’s Strength
Arbitrum (ARB) boasts a market capitalization of $2.8 billion and a trading volume of over $1 billion. The ARB/ETH and ARB/BTC pairs show strength, indicating increased demand. Historical data reveals a price increase from around $0.38 to the current level, but some analytical models predict a possible withdrawal of 20-25% if the momentum fades.
SEI’s Quiet Climb and Rotation in Altcoin Season
SEI is trading around $0.35 in the last 24 hours, with a daily trading volume of $331 million. The market capitalization is close to $1.8 billion, with increasing TVL and consistent on-chain activities contributing to its upward trend. Earlier forecasts predicted an August price range between $0.24 and $0.33, which aligns with the current level.
The rotation in the Altcoin season may be per use case, with OKB characterized by supply reduction and improved infrastructure. Arbitrum continues to offer Ethereum scaling and DeFi use, with its volume and pair movements reflecting cautious confidence. Instead of broad speculative rallies, the old season behavior is displayed in tight segments, with OKB illustrating how protocol and tokenomics changes can drive real movements.
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