Altcoins seeing renewed interest on social media: Santiment report

Santiment analytics revealed that traders are proclaiming that altseason is around the corner due to Bitcoin’s recent bounceback. The firm’s analyst noted that BTC’s resurgence to the $94K-$96K range over the past five days suggested that there might be a major profit redistribution toward altcoins later.

The analytics company highlighted that there has been a 10.2% increase in the entire crypto sector, with Bitcoin only making up 7.6%. The analyst also believes it means some money has collectively moved into small market caps like altcoins.

Santiment sees spike on altcoin interest 

🥳 Traders are proclaiming that altseason is here (or around the corner). With last week's Bitcoin surge rapidly seeing profit redistribution into more speculative assets, we take a look at the $TRUMP promotion and retail's renewed meme coin excitement. 👇https://t.co/75TTa9PmuF pic.twitter.com/GMBQgfVcuO

— Santiment (@santimentfeed) April 29, 2025

The Santiment analyst also added that as the cycle continues, the retail crowd will experience enough losses during a bear cycle (which happened from mid-January to early April) to trade away their altcoins for Bitcoin on stablecoins. He also argued that “traders can’t stop getting back into a gambling mentality” during a resurgence in market caps like during the second half of April.

Santiment noted that few traders get in early enough on the meme ride to enjoy a decent enough chunk of the upward momentum from the temporary trend, but others will also jump in just as prices are about to go up.

The firm revealed that there has been a spike in meme coin discussions among the trends of what traders are talking about. The company said it has seen a surge in interest in keywords like “altcoin,” “altcoins,” or “altseason” across social media platforms. 

“As usual, when prices begin to soar, traders’ interests can’t help but veer toward juicier, high risk/reward, speculative assets.”

-Santiment Analyst

The analytics company highlighted that history has shown that the most opportune entries into any sort of altcoin cycle are when the crowd is showing complete disinterest in altcoins. The firm’s analyst added that it’s common to see markets consistently move in the opposite direction of retail’s expectations.

The company’s analyst mentioned that traders have constantly had their own interpretations as to what a “bull market” and a “bear market” actually mean and how long a “cycle” or “season” in crypto actually is supposed to be. He noted prominent social media figures like Ted Pillows, who take a rational approach by looking at things from the commonly accepted 4-year cycle perspective.

Santiment acknowledged the major gains in total crypto market cap in the middle portion of 2017 and 2021, which aligns with the current cycle. The firm also said a combination of rate cuts, Trump’s presidency, and ETF approvals have gotten many hopeful and bullish traders buying into that line of thinking.

Santiment believes the TRUMP coin fueled renewed interest in altcoins

The Santiment analyst argued that some attribution of the current renewed interest in speculative assets might be due to Trump’s Official TRUMP coin campaign. He also revealed that the digital asset, which began publicly trading just before Trump’s inauguration in January, had experienced some renewed interest after being written off as a pump and dump. 

The analyst disclosed that Trump made efforts to energize both his political base and the value of his associated crypto token by announcing that the top 200 holders of TRUMP would be invited to an exclusive event at the White House on May 22. He also acknowledged that the President said the top 25 holders will receive an exclusive VIP reception and a special tour.

Santiment noted that Trump’s stunt grabbed massive attention across both political and trading circles. The firm argued that whatever the case, the key takeaway for markets is that the U.S. President is actively trying to tie his campaign to crypto culture, particularly the meme coin culture.

The company’s analyst believes that the TRUMP coin’s flashy rise and media buzz likely played a part in reigniting traders’ imaginations toward smaller, fast-moving altcoins across the board. 

Santiment showed how TRUMP’s social volume and price against BTC skyrocketed just as his announcement was made. The analytics firm said that the digital asset climbed by 54% in the first hour after the announcement, and social volume confirmed how much the President’s promotions have continually been on traders’ radars.

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