- CZ says crypto’s $4.01T market cap is still smaller than one major chip company.
- Solana leads major cryptocurrency gains with a 15.77% weekly performance surge.
- CMC altcoin season index reaches 65, indicating growing altcoin outperformance.
Former Binance CEO Changpeng Zhao has drawn attention to cryptocurrency market valuations by comparing the entire sector’s $4.01 trillion market capitalization to a chip company’s market cap. Zhao’s X post suggested that “the combined market cap of all future money is less than one chip company’s market cap.” He also asked others to “do the math” regarding crypto’s relative scale.
The global cryptocurrency market has gained 1.14% to reach $4.01 trillion, though Bitcoin and Ethereum have shown limited movement over recent trading sessions. Bitcoin trades at $115,126.53 with modest gains of 1.01% in 24 hours and 2.51% over seven days, while Ethereum sits at $4,535.16, posting 2.38% daily and 2.60% weekly advances.
Solana Drives Altcoin Performance Surge
Solana has stood out as the top performer among major cryptocurrencies, trading at $239.38 with 6.36% daily gains and 15.77% weekly growth. The cryptocurrency approaches the $240 price level and outpaces both Bitcoin and Ethereum in the current market cycle.
Dogecoin has also posted a strong weekly performance with 20.23% gains, currently trading at $0.2604. XRP maintains steady progress at $3.05, delivering 7.26% weekly returns, while BNB trades at $906.76 with 6.67% seven-day gains.
Altcoin Season Index Hits 65
The CoinMarketCap altcoin season index has reached 65, climbing from 52 last week. This metric measures altcoin performance relative to Bitcoin. Readings above 50 show that altcoins are outperforming the leading cryptocurrency. The current level suggests moderate altcoin season conditions, where altcoins generate higher returns than Bitcoin.
Historical data shows the index reached a yearly high of 87 in December 2024, indicating peak altcoin season, while the yearly low of 12 occurred in April 2025, marking Bitcoin season dominance. The recent increase to 65 indicates a clear shift toward altcoin outperformance.
Zhao’s comparison highlights the relative scale of cryptocurrency markets compared to traditional technology companies. Major semiconductor companies like Nvidia have achieved market capitalizations exceeding $4 trillion. This makes the entire cryptocurrency sector comparable to a single technology stock. The observation raises questions about crypto market maturity and growth potential, as the sector’s total valuation remains within the range of individual technology giants.
Related: Altcoin Season Index Jumps to 67 as Market Bets on Fed Rate Cut
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