Trading volume data from the past 24 hours reveals a crypto market anchored by stablecoin liquidity while speculative capital fuels significant breakouts in altcoins. Tether (USDT) led all assets with a staggering $27.54 billion in volume, followed by USDC at $3.94 billion and First Digital USD at $1.11 billion, underscoring their critical role as primary settlement and trading pairs across exchanges.
Major cryptocurrencies continued to drive core market activity. Bitcoin recorded $14.55 billion in trading volume, reflecting steady participation, while Ethereum followed with $5.93 billion. Among leading altcoins, Solana posted $1.68 billion in volume, with BNB at $1.19 billion and XRP at $1.11 billion, indicating consistent liquidity for established ecosystem tokens.
Concurrently, a separate wave of aggressive price action swept through smaller and mid-cap altcoins. Gleec Coin surged 103.1% to lead the pack, trading at $0.2329. Other notable gainers included The White Whale (up 26.7%), Yei Finance (up 24.7%), Palladium Network (up 23.9%), Hyperlane (up 20.4%), BabyBoomToken (up 20.2%), Venice Token (up 19.8%), and Ultima (up 17.4% to $7,010.66).
The market dynamics signal a bifurcated environment: deep liquidity and steady engagement in major assets paired with elevated volatility and speculative rotation within the altcoin segment. The dominance of stablecoin volume suggests active capital rotation rather than a broad risk-off sentiment, while the altcoin rallies point to traders seeking high-momentum opportunities.
