As BTC and the meme sector undergo adjustments, capital is flowing towards Ethereum ecosystem tokens and previously overlooked niche altcoins.

Interestingly, some established altcoins, such as XRP, ADA, XLM, and EOS, have shown even stronger gains, with XRP making a significant rebound to reclaim a spot among the top three by market capitalization, reaching a total market cap of as much as $250 billion.

A deeper investigation into these tokens reveals some common characteristics. They have all gone through a long phase of bottom consolidation, during which they neither rode the wave of trending topics nor were buoyed by novel concepts, leading retail investors to gradually lose patience, with a substantial amount of their holdings dissipating to almost nothing.

Meanwhile, the institutional players quietly absorbed these tokens, achieving a highly controlled situation. Because of this, even though these tokens now have a considerable market cap, they face relatively little resistance when being pumped.

However, this phenomenon raises questions: will such market trends lead to an early conclusion of the altcoin season? Looking back at this round of market activity, BTC took the lead in rising, followed closely by the meme sector, while Ethereum ecosystem altcoins have also started to catch up; even long-established niche coins are now surging significantly. Does this mean that the rotation of capital is nearing its end, reaching the final leg?