DOGE Liquidity, SHIB Whale, ADA Institutional Resonance! Altcoin Season Heats Up with Hot Discussions

As the Bitcoin market slows down, the question of whether the altcoin season is approaching has become a hot topic in the market. Although the altcoin season index is still below 40 and funds have not yet fully rotated, the selective strength of mainstream tokens such as DOGE, SHIB, and Cardano (ADA) is defining the capital flow of this cycle. The combined momentum of these three major assets is reigniting the debate on the altcoin season.

SHIB: Ecological Resilience and Surge in Whale Holders

Shiba Inu (SHIB) is currently priced at approximately 0.000012 USD, with a market cap of 7 billion USD and a daily trading volume of 210 million USD. Unlike in the past when it relied solely on community hype, SHIB now depends on Shibarium Layer-2, DeFi, and NFT applications, making its ecological foundation more robust. The increase in DAO governance proposals and on-chain participation indicates that the number of long-term holders (whales) of SHIB has surged by 600% in recent weeks, showcasing ecological resilience.

DOGE: The King of Liquidity, the Anchor of Speculative Sentiment

DOGE is priced at approximately $0.20, with a market cap of $30 billion and a daily trading volume of up to $1.7 billion. Although it has fallen 5% from the July peak, DOGE remains one of the most liquid altcoins. As a liquidity anchor for speculative risk appetite, DOGE can quickly attract funds during market rotations. Its retail base and integration with payment platforms make it unique in the meme coin space. Analysts believe that if risk liquidity intensifies, DOGE has the potential to challenge $0.215 or even $0.30.

ADA: A Representative of Institutional Funding and Regulatory Narratives

Cardano (ADA) price remains at $0.73, with a market capitalization of nearly $26 billion and a daily trading volume exceeding $1 billion. Technical upgrades such as Hydra, Mithril, and Voltaire are being actively promoted, attracting institutional and regulation-driven funds. Stablecoins like USDA and Djed are driving on-chain liquidity, with TVL reaching $470 million. Analysts believe that if funds flow back in the second half of 2025, ADA is likely to benefit from its compliance and institutional narrative.

Altcoin Season: Selective Rotation Defines a New Cycle

The altcoin season index is below 40, indicating that Bitcoin still leads the market. However, the strong performance of SHIB, DOGE, and ADA proves that capital does not need to rotate comprehensively; selective liquidity and structural growth are sufficient to drive market discussions. At this stage, traders are more willing to allocate assets that have a complete ecosystem, strong liquidity, or are favored by institutional funds.

Conclusion

The liquidity of DOGE, the whale holdings of SHIB, and the institutional narrative of ADA are collectively driving the heated debate on altcoin season. Although a full-fledged altcoin season has yet to arrive, these three major coins have become key indicators of capital rotation and market structure changes. Investors should pay attention to the technology, funding, and ecological changes of these assets to seize the opportunities in the next market cycle.