Behold, the crypto markets have begun their October jaunt with a vigor that would make a jackrabbit blush! 🐇💰 The combined market cap of altcoins has leapt to a colossal $1.12 trillion, and top dogs like XRP XRP $2.99, Solana SOL $225.4, Avalanche AVAX $30.60, and Hyperliquid HYPE $49.21 have all been busy playing musical chairs with their prices. 🎵
XRP Gains on Corporate Interest
XRP has been seen wiggling its way up 4.5% in the last day, much to the delight of buyers who’ve been as eager as a child at a candy store. 🍬 Nasdaq-listed VivoPower International PLC, that shrewd investor, raised $19 million through an equity offering, with the proceeds funneled into expanding its XRP holdings. 🏦 The company issued new shares at $6.05 each-pricier than its last closing price, which makes one wonder if they’re selling gold or just hot air. 🧙♂️
The announcement coincided with heavy XRP accumulation by large investors. Analyst Ali Martinez noted that whales have purchased roughly 250 million XRP, worth around $745 million, since the start of the week. 🐋 250 million $XRP bought by whales in 48 hours! – Ali (@ali_charts) October 1, 2025
According to the data by CoinMarketCap, 24-hour trading volume has jumped by 33%, with XRP currently testing the crucial $3.0 zone. Analysts suggest that if the token closes above this level, a move toward $3.5 could follow-assuming the market doesn’t decide to take a nap. 😴
AVAX Strengthens on $675M SPAC Deal
Avalanche Treasury Co. (AVAT) also announced a $675 million business combination with Nasdaq-listed Mountain Lake Acquisition Corp. (MLAC). The deal includes $460 million in treasury assets, part of which has already been allocated to AVAX purchases. 📈 AVAT disclosed that it has acquired $200 million in AVAX at a discount, with 18-month priority rights in place. The market reacted positively, with AVAX climbing 3.5% in the past day, adding $350 million in market cap. The token is currently trading around $30.72 with a market cap of $12.97 billion. 🧾
Altcoin Rally Ahead?
October’s rally and upcoming ETF deadlines for several altcoins have revived hopes that the market may finally be preparing for their next big run. While optimism is rising, some analysts warn against declaring a full-blown “altcoin season.” 🤔
Crypto trader Daan Crypto Trades noted that the Total Altcoin Market Cap is retesting levels last seen in 2021. He suggested that while certain tokens are likely to outperform, the sector still needs a decisive breakout. 🚀
The Total Altcoin Market Cap is giving the 2021 highs another go.
I do still believe that we need to see a clear break and close above to really get the altcoin market properly going again.
Big runners will still be concentrated and there will be outperformers and…
– Daan Crypto Trades (@DaanCrypto) October 2, 2025
The analyst explained that in previous cycles, once that collective breakout happens, it tends to attract new participants back into the market. 🤝
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2025-10-02 14:11