The crypto market is experiencing a widespread pump, with 95% of Tokens rising.

Recently, the crypto market has experienced a significant pump. On June 22, Bitcoin fell below $100,000, triggering panic in the market. However, the market quickly rebounded, ushering in a new round of substantial rises. This rise was not limited to mainstream tokens like BTC, SOL, and ETH; many tokens that had not recovered for a long time also performed well.

To gain an in-depth understanding of market dynamics, we conducted a comprehensive analysis of 403 USDT spot trading pairs on a certain trading platform, covering the period from June 22, 2025, to July 15, 2025.

Overall Market Performance

The analysis results show that 94.8% of tokens exhibited a rising trend during this period, with an average increase of 30.38% and a median of 25.92%. This rebound momentum is significantly stronger than the market conditions in April.

• 7 tokens rose over 100%, reaching a maximum of 335%.
• 34 Tokens have a rise between 50% and 100%
• 84.6% of Tokens have a rise of less than 50%

It is worth noting that the rise of 307 tokens has exceeded Bitcoin's rise of 15.31%, indicating the activity in the altcoin market.

Characteristics of the Top 20 Tokens by Rise

1. Market capitalization distribution: mainly concentrated in the small market cap (<$100 million) and medium market cap ($100 million - $1 billion) range.
2. Category: Mainly MEME, AI, and DeFi related Tokens, with 4 infrastructure Tokens also entering the top 20.
3. Ecological Distribution: Mainly concentrated in the three major public chains of Ethereum, BSC, and Solana.

Performance of Each Track

1. MEME Token leads, with an average rise of 42.2%
2. Infrastructure categories follow closely, with a rise of 40.98%
3. GameFi performed excellently, with an average pump of 35.15%
4. DEX, AI, and smart contract platforms also performed well.
5. The rise of RWA tokens is relatively modest, at only 11.94%.
6. The average decline of wallet-related tokens is 3.09%

Public Chain Ecosystem Performance

1. Solana ecosystem leads with an average rise of 39.41%
2. Base ecosystem follows closely behind, with a rise of 33.86%.
3. Arbitrum (31.42%), Ethereum (31.14%), BSC (28.41%) performed well
4. The performance of the Avalanche ecosystem is average, with an average rise of 10.86%.

Relationship Between Market Capitalization and Rise

In this round of pump, the correlation between the Token rise and market capitalization is not high:

• Large market cap (over $1 billion) tokens have an average rise of 33.93%
• Small market cap (<$100 million) Token average rise of 30.41%
• The average rise of mid-cap (1-1 billion USD) tokens is 29.45%

Small-cap and mid-cap Tokens are still the market's main force, with a total of 348.

Launch Time and Performance

1. The tokens launched in 2024 performed the best, with an average rise of 42.76%.
2. The tokens launched in 2023 had an average rise of 34.57%.
3. The performance of the tokens launched in 2019, 2025, and 2018 was also good.
4. The performance of tokens launched in 2017 and 2021-2022 was relatively poor.

This may indicate that early projects are gradually losing market attention.

How far is it from the real altcoin season?

Despite the significant rise in this round, there may still be some distance from the real altcoin season:

• Only 7 Tokens have exceeded the 2024 high.
• 38 Tokens are more than 90% away from the 2024 peak.
• 146 Tokens are more than 80% away from the 2024 peak.
• 302 Tokens are more than 50% below the 2024 peak.

Most Tokens need to rise at least twice to return to the price levels of 2024. This indicates that the altcoin season may still have significant potential, but it is currently uncertain whether this pump is a temporary phenomenon or the beginning of a long-term trend.