Altcoin Daily just released a viral video about what’s going on with the biggest cryptos. Despite the recent market pullback, altcoin believers can be fairly happy with what’s going on behind the scenes.
One of the biggest stories is the growing involvement of Wall Street in the altcoin market. Solana, Cardano (ADA), and XRP are no longer just speculative assets for retail investors. Institutions are starting to see these altcoins as long-term strategic assets, and the moves they’re making are getting bolder.
Let’s start with Solana. A new ETF based on Solana might be approved in as little as three to five weeks, according to Bloomberg analysts. The SEC recently asked ETF issuers to revise and resubmit documents, which is often a sign that approval is on the way. Beyond ETFs, a major education company called Classover signed a $500 million deal to create a Solana reserve. That’s a big signal that companies are beginning to treat altcoins like Solana the same way they treat Bitcoin – as a treasury asset.
XRP is also making headlines. Trident Digital, a Nasdaq-listed firm from Singapore, is raising $500 million to build the largest XRP treasury in the world. But they’re not just sitting on it. The plan is to use staking and participate in the Ripple ecosystem to earn returns and strengthen the token’s real-world use. This is a new kind of corporate treasury strategy and shows how XRP is gaining institutional respect.
Then there’s Cardano. Charles Hoskinson, the founder of Cardano, believes his community could deploy $100 million of ADA into a stablecoin called USDM to supercharge Cardano’s DeFi ecosystem. With $1.7 billion in ADA sitting in the community treasury, the network has real firepower to drive growth. Hoskinson even proposed a plan to use treasury funds to generate returns and reinvest them back into ADA, creating a sustainable cycle of ecosystem expansion.
Another name being mentioned is Algorand. Its CEO underlined two points that make it stand out in the crowded blockchain world: instant finality and never having experienced downtime. That kind of uptime reliability matters to developers and institutions that need guaranteed performance. It positions Algorand as a blockchain for real-world applications that require trust and speed.
The Sei Network is also in the spotlight. Though relatively lesser known, it has hit 28 million active wallets in just over a year. The network is especially popular for gaming, which is driving user growth. Daily active users now range from 450,000 to over 600,000. Despite the token’s price dropping 30% in May, fundamentals remain strong and signal future potential.
A key theme in the video is the rise of altcoins as strategic reserves. Just as companies once bought Bitcoin to hold on their balance sheets, now they are doing the same with altcoins like Solana and XRP. And these aren’t passive holdings. The companies involved plan to stake their assets and participate in the ecosystems to earn yield and enhance their positions.
On the regulatory side, there is growing optimism. Former President Trump recently made bold statements supporting crypto, including his intention to pass the Genius Act and a market structure bill. He also claimed credit for ending Operation Chokepoint 2.0 and creating a digital asset stockpile. His administration, he said, will work to ensure that the U.S. dominates the future of crypto and Bitcoin.
This push from the executive branch is complemented by institutional momentum. BlackRock, the world’s largest asset manager, has stated its goal to become the top crypto asset manager by 2030. It already holds over $75 billion in crypto assets, including Bitcoin and Ethereum. BlackRock is also heavily involved in Ethereum developments, working with the SEC to enable staking and build a broader ETF suite. The result? Ethereum ETFs have now seen 18 straight days of inflows, totaling $1.25 billion.
All of this leads to one conclusion: a new altcoin season is coming, and this time, it’s being led by Wall Street. The big players are no longer ignoring altcoins. They’re investing in them, integrating them, and turning them into core parts of their portfolios. And that changes everything.
Even as the market faces short-term dips, the long-term picture for Solana, ADA, and XRP looks stronger than ever. With ETFs in development, billion-dollar reserves forming, strategic ecosystem investments increasing, and political support growing, it’s clear that Wall Street’s next crypto crush is already underway.
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