Altcoins are showing fresh signs of strength after a difficult stretch, with momentum spreading across the market this week. Between August 19 and 22, altcoins added roughly $215 billion, lifting Total2 — the combined market value of all cryptocurrencies excluding Bitcoin — back above $1 trillion.

The breadth of the move is notable as well as its size. On Binance, 56% of altcoins now trade above their 200-day moving average, a sharp reversal from a market in which 80% to 85% of tokens had been trading below that level not long ago.

This kind of broad participation matters because rallies led by a handful of names can fade quickly, while strength across multiple large and mid-cap assets tends to draw more attention from traders tracking market structure. Even so, the move is still concentrated in a short window, so the next few sessions will help show whether the improvement in trend readings holds or narrows again.

Zcash Was the Week’s Biggest Winner

Zcash surged 71.3% over the past week, the biggest gain among major tokens, with the asset trading near $832. That move left Zcash well ahead of every other top-50 asset this week, making it one of the strongest performers in the market.

XRP and Hyperliquid Also Posted Strong Gains

$XRP climbed 48.7% this week and was trading close to $1.47 based on the latest data, marking one of its strongest weekly performances in recent memory. Hyperliquid gained 38.4% over the same period, with HYPE trading near $80, extending its run as one of the more consistent performers in the derivatives and DeFi space.

Pump.fun rose 81% over the week and 2% in the past 24 hours. The move followed the platform’s announcement of zero trading fees on Solana tokens, an aggressive push against competitor FOMO.

Even Major Tokens Joined the Rally

What makes this week unusual is the breadth of the advance. Bitcoin and Ethereum both posted weekly gains of more than 20%, with Bitcoin trading near $77,000 and Ethereum near $2,437. Solana rose 25.8% to around $94, Dogecoin gained 31%, and BNB added just over 16%.

That mix of large-cap and smaller-token gains is part of why the current move is being watched closely by market participants. When major assets join the advance, it can reinforce sentiment across the sector and keep capital rotating into higher-beta names, but the same breadth also makes relative strength and rotation more visible from one group to the next.

A Reminder About Timing the Bottom

One analyst pointed to earlier comments from Binance founder Changpeng Zhao, who said that over a two-year horizon, the opportunity cost of staying sidelined from top altcoins likely outweighs the risk of buying before a confirmed bottom. Given how quickly this week’s move unfolded, that view has appeared well timed for those who remained positioned through the recent volatility.

Some Tokens Have Yet to Catch Up

Not every part of the market has moved in step. Bittensor has traded in a tighter range in recent months and, according to recent analysis, could still be building toward its own breakout. The broader AI token sector remains one area some traders are watching for a possible next wave of momentum.