Altcoin Season Has Always Been Here, Arthur Hayes Says — Solana (SOL) Could Lead the Next Crypto Rally

As market participants watch for signs of strength in Altcoin Season, Arthur Hayes, co-founder of BitMEX, asserts the phase has long existed. In a recent interview, he argued that the season is visible to those holding rising tokens, and warned against relying solely on past cycles for trading strategies in the cryptocurrency market.

Hayes elevates the HYPE narrative as the leading driver of this cycle, noting momentum can emerge from credible stories rather than repeated patterns. He points to SOL as a case study, having fallen to about $7 in 2022 before rebounding toward $300 this year, underscoring shifting supply-demand dynamics.

Investors should avoid assuming history repeats unchanged and instead monitor fresh on-chain signals, fund flows, and macro catalysts. The altcoin market remains active, but participation requires disciplined risk controls and selective exposure to credible narratives.