Altcoin Futures Volume Tops $100B as Solana Soars 24%
On July 22, Binance’s altcoin futures volume surged past $100 billion, the highest daily turnover since February 3, 2025, with altcoins accounting for 71% of total futures trading as Bitcoin futures remained steady after Bitcoin hit new highs. In the following days, Solana rallied 24% to $204—a five-month peak—while its open interest jumped by $1.5 billion over three days. Ethereum is now testing the $4,000 level, and meme-coin trading volume rose 14% in 24 hours. CoinMarketCap’s altcoin index stands at 49/100 against Bitcoin, fueling bullish sentiment toward high-beta tokens. Memecoins like PENGU, DOGE and WIF are pumping, and early presales such as SNORT and TOKEN6900 are attracting traders seeking the next 10× returns. Traders should monitor altcoin futures volume, open interest and memecoin dynamics for actionable opportunities.
Bullish
Surging altcoin futures volume to record highs alongside Solana’s 24% rally and rising open interest indicates strong retail and derivatives demand, typically a bullish signal. Ethereum testing $4,000 and meme coins’ increased trading volume further confirm renewed risk appetite. In the short term, traders may see further altcoin price momentum as capital rotates from Bitcoin, driven by high-beta token performance. Over the long term, sustained growth in open interest and futures turnover reflects deeper market participation and confidence in altcoin derivatives, supporting continued upside potential. Memecoin pumps and promising presales suggest that speculative flows are actively seeking high returns, reinforcing a positive outlook on altcoins.