𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗜𝘀 𝗦𝗽𝗹𝗶𝘁𝘁𝗶𝗻𝗴 𝗜𝗻𝘁𝗼 𝟳 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗧𝗿𝗶𝗯𝗲𝘀. The old altseason model is broken. Liquidity is no longer lifting every coin together. It is rotating between tribes. 1. Macro Anchors $BTC , $ETH , $SOL , $BNB These names decide whether the market has structure or fear. 2. Perp DEX / Trading Revenue $HYPE , $JUP , $INJ , $DYDX , $GMX , $AEVO This tribe wins when traders want leverage , volume and fee-generating protocols. 3. AI / Data / Compute $TAO , $RENDER , $FET , $IO , $NEAR , $GRASS , $WLD , $IRYS AI crypto is no longer only about models. The market is pricing data , compute , identity and storage. 4. RWA / Tokenized Finance $ONDO , $LINK , $PYTH , $PENDLE , $ENA , $MKR This tribe benefits when TradFi assets , yield and settlement rails move on-chain. 5. Privacy / ZK $ZEC , $XMR , $ROSE , $SCRT , $MINA , $ZK , $STRK , $MANTA As AI surveillance grows , privacy becomes a conflict narrative again. 6. DeFi Utility $AAVE , $UNI , $LDO , $EIGEN , $ETHFI , $CRV These are not hype-only assets. They need usage , TVL , fees and real activity. 7. Retail Attention / High Beta $DOGE , $PEPE , $WIF , $BONK , $TON , $SUI , $AVAX , $SEI This tribe moves fast when risk appetite returns , but collapses quickly when liquidity gets defensive. My read: The next big winner will not come from “buying every alt.” It will come from identifying which tribe receives liquidity first. Right now , this is not altseason. It is a capital sorting machine. Watch the tribes. That is where the next rotation starts.