Key Highlights
- $SOON surges nearly 90% in 24 hours after its listing on South Korea’s Upbit exchange, with market cap crossing $100 million.
- $BELIEF, a Solana-based token trading on Meteora, has exploded over 300% intraday, hitting a $10M market cap amid thin liquidity.
- Google Trends data shows the search term “altcoin season 2026” reaching its highest weekly reading since tracking began, despite the Altcoin Season Index remaining at 35 — firmly in Bitcoin Season territory.
A cluster of altcoins posted aggressive gains on Thursday, April 17, as speculative capital rotated into lower-cap tokens across multiple ecosystems. The moves arrived against a backdrop of rising search interest in “altcoin season,” even as broader market indicators suggest the crypto landscape remains firmly Bitcoin-dominated, according to data from CoinMarketCap and Google Trends.
The Altcoin Season Index currently sits at approximately 35 out of 100, well below the 75 threshold that would signal a confirmed altseason. Bitcoin dominance continues to hover above 57%. Yet the individual token moves this week suggest that pockets of speculative momentum are building, particularly around exchange listing catalysts and narrative-driven Solana plays.
$SOON: Upbit listing sends SOON up nearly 90%
SOON, an SVM-based Layer 2 rollup protocol, surged roughly 89.6% in early Asian trading hours as its price went from $0.16 to $0.03 following its listing on Upbit, South Korea’s largest cryptocurrency exchange by trading volume. The token reached approximately $0.268 according to CoinGecko data, with its market cap crossing the $100 million mark. At the time of writing it is still 62.5% up.
Upbit listings have historically generated sharp short-term price spikes across newly added tokens. However, history tells us that the majority of central exchanges, including UpBit-listed tokens, experience significant initial pumps that tend to fade within days. SOON’s move was further supported by a second-round Binance Alpha airdrop confirmed on April 9, adding to the short-term demand narrative.
The project, which builds decoupled SVM rollups across different Layer 1s, counts Jump Crypto and Amber Group among its strategic backers.
However, traders are also watching the token’s supply schedule. A token unlock of approximately 21.88 million SOON, around 2.2% of total supply, is scheduled for April 23. Such unlocks can add near-term selling pressure if early holders or incentive recipients decide to take profits after a sharp rally.
$ORDI: The Bitcoin inscription token holds firm near $7
ORDI, the leading token in the Bitcoin Ordinals ecosystem, climbed roughly 50.8% today as its price peaked around $7.71, according to CoinGecko. The token’s 24-hour range extended from a low near $4.96 to a high of $10.42, with total daily trading volume exceeding $1.24 billion.
With 70% jump by ORDI a day ago, in the last 48 hours the token is roughly 200% higher than its $2.4 price at that time. ORDI trades primarily against USDT pairs on major centralized exchanges, including Binance and OKX. The token, which is ranked #198 by market capitalization, has a total supply of 21 million, mirroring Bitcoin’s own supply cap.
The rally brought ORDI back into focus after an extended period of relative underperformance during the broader BRC-20 sector cooldown.
$MOVR: Moonriver hits $2.90
Moonriver (MOVR), the Kusama-based smart contract parachain, was trading at approximately $3.0 with its market capitalization sitting at $34.39 million, according to CoinGecko. The token’s 24-hour volume surged to roughly $103 million — representing a volume-to-market-cap ratio of 287%, an unusually high figure that typically signals speculative activity.
Coingecko data shows MOVR trading across multiple major exchanges. The Binance MOVR/USDT pair led with approximately 42.4% of total volume and the highest order book depth. Followed by MOVR/TRY with 25.8% volume.
Price discrepancies between exchanges ranged from $2.86 on the Binance Turkish Lira pair to $3.18 on Bybit, suggesting fragmented liquidity conditions. MOVR has a circulating supply of 11.4 million tokens with no maximum supply cap.
$BELIEF: Solana-based token prints 300%+ on Meteora
The newest and most volatile name on the list is $BELIEF, a Solana-based token that surged over 300% in 24 hours reaching a high of $0.015. The token, which trades primarily on the Meteora decentralized exchange, reportedly reached a market capitalization of approximately $10 million during the spike.
Details on BELIEF’s underlying project remain sparse. The token’s rapid ascent occurred on thin DEX liquidity, a setup that historically produces both violent upside moves and equally sharp reversals. Traders and analysts tracking Solana’s memecoin ecosystem noted the pump aligns with a broader pattern of capital rotating into newly launched, low-cap tokens on the network.
Google Trends interest spikes, but index data says “not yet”
Google Trends data for the search term “altcoin season 2026” shows a sharp increase in interest over the past seven days, reaching what appears to be its highest weekly reading of 2026. The spike suggests growing retail attention toward the altcoin rotation narrative.
However, the data tells a different story at the structural level. The CoinMarketCap Altcoin Season Index remains around 34–35, squarely in “Bitcoin Season” territory. Bitcoin dominance has held above 57% through mid-April, a level that historically precedes — rather than accompanies, broad-based altcoin rallies. The current moves appear to be selective and catalyst-driven rather than indicative of a market-wide rotation out of Bitcoin.
High risk high rewards
In crypto, tokens that pump violently can drop at the exact same speed. The same momentum that delivers 300% gains in hours can erase them just as quickly.
Just recently, we covered a massive 150% pump in Siren ($SIREN) during Asian trading hours only to watch it drop 50% as the day progressed. Previously in March also, the token had a pump-and-dump pattern. On-chain investigators subsequently flagged that a single wallet cluster controlled approximately 88.5% of the circulating supply. The token fell from a top-40 market cap ranking to outside the top 200 in under two weeks.
Readers should exercise extreme caution with tokens posting triple-digit daily gains. Consider taking profits at predetermined levels, avoid allocating capital you cannot afford to lose, and resist the urge to chase green candles after massive moves. Thin liquidity conditions — particularly on decentralized exchanges — can make exits significantly harder than entries.
Also Read: 12 Solana Memecoins: Trending Tokens from SAMO to FARTCOIN
