Underdog token posts 60% weekly gain as analyst spots 'monster' altcoin season
As Bitcoin hit a record high of $118,856.47 on July 11, it also provided a tailwind for altcoins to rally.
While other altcoins posted impressive gains, one token that usually remains under the radar took everyone by surprise — one shot ahead by a mile.
Over the last seven days, Bitcoin has surged by 8.8%, Ethereum 17%, XRP 24.5%, Solana 10.6%, Dogecoin 22.7%, and ADA 24%.
However, this less-discussed altcoin has posted a weekly gain of 60%.
We are talking about Stellar Lumens (XLM) that reached as high as $0.4019 on July 11, its highest point since early February.
Join the discussion with Benjamin Cowen on Roundtable here.
Launched by Ripple co-founder Jed McCaleb in 2014, Stellar Lumens doesn't seem to create as much noise as XRP or other altcoins within the crypto community.
However, its recent rally has sent the crypto community into a state of euphoria.
Popular crypto handle on X, @LLuciano_BTC, highlighted how XLM is outperforming many of its competitors.
$XLM is outperforming many of its competitors. pic.twitter.com/qu5w8nvMwB
— Lucky (@LLuciano_BTC) July 10, 2025
With a market cap of $11.68 billion, XLM is the twelfth-largest cryptocurrency. Its trading volume within the last 24 hours is $2.28 billion.
Monster altcoin season
BitMEX co-founder Arthur Hayes, a prominent voice in the crypto circles, urged the community to "get ready for a monster alt szn," given BTC has hit a record high and ETH is also following in its footsteps.
I was slightly bearish in my last essay due to TGA refill. What changed?$BTC busted through ATH on good volume$ETH is following and will outperform, get ready for a monster alt szn.
— Arthur Hayes (@CryptoHayes) July 11, 2025
Mrkt thinks Trump will TACO on tariffs, so fuck it: @MaelstromFund is backing up the truck!
To gauge whether an alt season is underway, a key metric to analyze is Bitcoin dominance. It refers to BTC’s share of the total crypto market cap.
When Bitcoin dominance dips, it means altcoins are gaining more market cap, pointing toward an alt season.
As per TradingView, Bitcoin dominance stood at 64.60% at the time of writing. The metric doesn't indicate any sign of an upcoming alt season, even if altcoins such as XLM are going through the roof.
Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing.