Altcoin Season Incoming? Memes, ETFs & Arbitrum’s Biggest Upgrade Yet
ToE's Weekly Highlights
Bitcoin is stuck in a range, altcoins are fighting for momentum, $HYPE just dropped thier EVM and Arbitrum just made a BOLD move.
Meanwhile, $LIBRA rugged and thousands of meme coins sucking liquidity from the market.
Let’s dive into the calm before the altseason?👇🧵
Credits to @damskotrades for the image
Bitcoin Price Action: Stuck in the Range?
Bitcoin’s price action has been boring and indecisive. We’ve now been stuck in this range for 60 days, which, in comparison to previous 240-day sideways markets, could mean the chop isn’t over yet.
What does this mean?
In previous cycles, sideways BTC action triggered an alt season.
However, the current market structure is different—narratives move quickly, and rotations are unpredictable.
Without clear direction, many traders are looking to gold and stock indices (DAX) for better risk opportunities while waiting for BTC to confirm a breakout.
Until Bitcoin makes a decisive move, expect quick rotations and short-lived narratives.
1️⃣ Uniswap v4 is Now Live on Arbitrum
One of the most anticipated DeFi upgrades, Uniswap v4, is now on Arbitrum, bringing:
✅ Hooks for modular liquidity management
✅ More efficient trading and LP strategies
✅ $5.5M+ in TVL accrued already
This solidifies Arbitrum’s position as a top DeFi hub, with its composable architecture attracting more builders.
2️⃣ BOLD Goes Live: A Huge Leap for Rollups
BOLD (Bounded Liquidity Delay) is one of the biggest developments in Arbitrum’s roadmap, pushing it toward Stage 2 Rollup status.
Why does this matter?
🚀 Fully permissionless validation – No more centralized safety nets.
🚀 Efficient challenge resolution – Faster, decentralized rollup security.
🚀 Brings Ethereum closer to true Layer-2 independence.
3️⃣ USDT0 & The Legacy Mesh: Stablecoin Liquidity on Arbitrum
Arbitrum continues to lead in stablecoin adoption, and the latest update, USDT0, is changing how USDT moves across chains.
How does it work?
✅ A single liquidity layer for USDT across Ethereum, Tron, Arbitrum & TON
✅ Seamless transfers without traditional bridging risks
✅ $138B in USDT liquidity connected in one system
With stablecoins playing a critical role in DeFi, this move further strengthens Arbitrum’s position as a cross-chain liquidity hub.
4️⃣ GMX DAO Unlocks $4.5M for Liquidity
GMX is deploying 994.70 ETH ($3.2M) and 69,132 GMX ($1.6M) from its Uniswap LP fees into deeper liquidity for $GMX and GLV.
What does this mean?
Stronger liquidity = better trading conditions for GMX users
More sustainable revenue for GMX stakers
Increased capital efficiency for DeFi traders
This is a major step toward reinforcing GMX’s long-term sustainability.
5️⃣ Camelot AI Airdrop Agent
Camelot is hiring an AI agent to automate airdrop distributions for its community. The project will distribute $5K in tokens to engaged participants.
6️⃣ Clutch Markets Goes Live on Arbitrum
Clutch is launching a decentralized parlay token, allowing users to bet on sports, prediction markets, and other real-world events.
Powered by Ora Protocol, exclusively on Arbitrum.
Where’s the Capital Flowing?
Meme Coins & Market Hype: FOMO or Red Flag?
Argentine President Javier Milei triggered a market frenzy after indirectly endorsing $LIBRA, a meme coin that soared to $4.6B before crashing to $200M. Meanwhile, Binance’s CZ unveiled his new dog "Broccoli", sparking an explosion of $BROCCOLI meme coins—one hitting a peak $140M market cap.
ETF Moves: Solana & Beyond
The SEC has formally acknowledged a Solana ETF application, with a decision expected by mid-October. If approved, this could funnel billions into Solana, mirroring the institutional wave that Bitcoin ETFs unlocked.
Meanwhile, BTC & ETH ETFs showed weakness this week:
📉 BTC ETF saw a net outflow of -$651M, marking the biggest weekly decline of 2025.
📉 ETH ETF recorded a modest -$26M outflow, likely cushioned by the Ethereum Foundation’s 45K ETH deployment into DeFi.
Institutional interest remains, but ETF hype is cooling. Could Solana’s ETF reignite bullish momentum?
What’s Trending in DeFi?
✅ Uniswap L2 is live, promising faster transactions and lower fees.
✅ $VIRTUAL expands to Solana, enabling AI agents onchain.
✅ OpenSea confirms $SEA token airdrop—details still under wraps.
✅ Doodles launches $DOOD on Solana, allocating 68% of tokens to the community.
✅ LI.FI acquires Catalyst, enhancing cross-chain liquidity.
Ethereum Foundation Deploys $26.7M in ETH to Aave
With calls for “wartime” capital deployment, the EF staked 10,000 ETH across DeFi, signaling stronger on-chain liquidity support.
Key Shifts in Capital Flows
Base & Solana’s momentum slowed as liquidity rotated elsewhere.
Base inflows: +$114M (down from $229M last week)
Solana inflows: +$63M (down from $119M)
Ethereum saw capital outflows, likely as Arbitrum and Layer 2s absorbed new liquidity. Hyperliquid’s ecosystem surged, driving strong inflows to Arbitrum-based projects.
Arbitrum inflows: +$24M; Ethereum net outflow: -$10M
Notable Upcoming Launches:
✅ Story Protocol’s $IP Token Goes Live
✅ Kaito Set to Launch as the Premier InfoFi Platform
✅ Morpho Sees Exponential Lending Growth
✅ Berachain Becomes the 5th Largest Chain by TVL