Bitcoin And Ethereum Bled This Week – But These 4 Altcoins Jumped, One Up 157%

May 31, 2026

  • Artificial intelligence-focused Allora led this week’s crypto gainers with a 157.5% rally, while RollX, LAB, and Humanity posted gains between 87% and 113%.

  • The gains came despite weakness in the two largest cryptocurrencies, with Bitcoin falling more than 3% and Ethereum losing over 4% during the past week.

  • Crypto trader Don Wedge said the moves could signal an early rotation into altcoins, though he cautioned that a broader altcoin season has not yet been confirmed.

While Bitcoin (BTC) and Ethereum (ETH) bled this week but four altcoins ripped higher stoking debate over whether capital is finally rotating into smaller tokens.

AI-focused Allora’s price (ALLO) led the group with a 157.5% weekly gain as investor interest in artificial intelligence (AI)-linked projects continued to attract capital. On Stocktwits, the retail sentiment around ALLO remained in the ‘extremely bullish’ zone, while chatter around it stayed ‘extremely high over the past day.

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ROLL’s price, the governance and utility token of decentralized trading platform RollX, climbed 113.5% over the past week. On Stocktwits, the retail sentiment around ROLL stayed in the ‘bullish’ zone, while chatter around it remained in the ‘low’ levels over the past day.

Likewise, LAB’s price, the native token of multi-chain trading terminal LAB, which lets users trade across Solana (SOL), Ethereum, and BNB Chain from a single interface, rose 106.2% over the last seven days. On Stocktwits, the retail sentiment around LAB moved to ‘extremely bullish’ from ‘bullish’ zone, while chatter around it moved to ‘extremely high’ from ‘high’ levels over the past day.

Humanity (H), a digital identity platform that uses palm-scanning technology to verify users on-chain, gained 87.5% over the week. On Stocktwits, the retail sentiment around H moved to ‘neutral’ from ‘bullish’ zone, while chatter around it rose to ‘extremely high’ from ‘low’ over the past day.

The altcoin rallies stood in sharp contrast to the broader crypto market. Bitcoin ended the week in the red, as Bitcoin’s price fell more than 3% over the past week. On Stocktwits, retail sentiment around BTC remained in the ‘extremely bullish’ zone, while chatter around it stayed at ‘normal’ levels over the past day.

Ethereum’s price also followed suit, as it lost over 4% in the past week. On Stocktwits, the retail sentiment around ETH moved to ‘extremely bearish,’ from the ‘bearish’ zone, even as chatter levels around it stayed at the ‘normal’ level.

Analyst Flags Altcoin Rotation

The divergence came as some market watchers argued that capital may be starting to flow beyond Bitcoin and Ethereum into smaller cryptocurrencies.

Crypto trader Don Wedge explained the recent strength in smaller cryptocurrencies could be an early sign that investors were beginning to move capital beyond Bitcoin. Sharing a chart that tracks the performance of altcoins relative to Bitcoin, he argued that the market appeared to be emerging from a prolonged accumulation phase after several years of underperformance.

Screenshot 2026-05-31 at 8.47.41 AM.png
Analyst Don Wedge on altcoins. Source: @DonWedge/x

Wedge said a move above the 0.146 level on the chart would be the key signal that a broader rotation into altcoins is underway. Until then, he cautioned that the recent gains should be viewed as an early “setup, not signal” of a full-fledged altcoin season.

Questions On The Altcoin Thesis

However, not all analysts are convinced that a full altcoin season has arrived. Famous crypto trader and host of the Wolf of All Streets podcast, Scott Melker, argued that prediction markets have “killed the altcoin casino,” saying traders no longer need to pile into speculative altcoins when they can bet on everything from elections and economic events to AI-related themes. While AI-focused projects like Allora have attracted fresh capital, he cautioned that rallies in individual sectors do not necessarily signal the start of a broad-based altcoin season.

Read also: Adam Back Ties Bitcoin’s Rising 200-Week Moving Average To A Charlie Munger Investing Rule

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Anushka Basu has no position in any of the stocks mentioned in this article. StockTwits’ news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits.

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