Altcoin Season Over? Big Warning for Ethereum, XRP and Solana Holders

 

 

Altcoins have just had a painful week — and one well-known analyst says the party may be over for now.

While Bitcoin fell about 2.3% this week to around $82,700, the big altcoins fell much harder. Ethereum dropped about 6.9% to near $2,490, Solana slid about 8.3% to around $110, and XRP lost about 5.3% to roughly $1.40.

Analyst Joao Wedson, founder of the analytics platform Alphractal, says the altcoin season that peaked in September has already ended. According to him, the Altcoin Season Index has topped out, and history shows that after such peaks, money usually rotates back into Bitcoin and stablecoins — which helps explain why altcoins are falling faster than Bitcoin.

It is not red everywhere, though. A few strong coins refused to fall this week: NEAR Protocol gained about 11.6% and Cardano rose about 5.2%, standing out while most of the market was selling off.

So what happens next? Traders are watching whether Ethereum and Solana can start recovering against Bitcoin again. Until altcoins stop underperforming, most analysts say caution is the smart move.

This post is news only, not financial advice. Always do your own research before buying or selling crypto.

Sources: ZyCrypto and CryptoCompass market reports, CoinGecko price snapshots (October 10, 2026).