New Winners, New Rules: Hayes Urges Traders to Rethink Altcoins

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Solana is down 6.27% over the past 30 days. Source: CoinMarketCap

Arthur Hayes believes traders are misreading the market by waiting for a “classic” altcoin rotation. Pointing to examples like Hyperliquid’s surge from just a few dollars to $60 and Solana’s rebound from near $7 to almost $300, Hayes said major altcoin gains have already occurred.

He emphasized that this cycle rewards new stories, not recycled ones. Still, others disagree, arguing that ETFs and capital concentration in larger assets may shape a very different altcoin season ahead.