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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/12/2026

Altcoins Outperform as STRK and ZRO Lead, But Major Token Unlocks Loom

What happened: While bitcoin traded below $83,500, altcoins rallied on thin volumes.

Altcoins Outperform as STRK and ZRO Lead, But Major Token Unlocks Loom

What happened: While bitcoin traded below $83,500, altcoins rallied on thin volumes. The CoinDesk 80 index rose 3% in 24 hours—more than double the CoinDesk 5. Standouts included Starknet (STRK), up 76% on the week and 54% on Saturday, and LayerZero (ZRO), up 21% in 24 hours. The CoinMarketCap “Altcoin Season” indicator hit 66/100, its highest in over a year. However, both STRK and ZRO face major token unlocks in the coming days: 127 million STRK on October 15, and 23.63 million ZRO (~$50 million) on October 20.

Why it matters: The outperformance of altcoins relative to bitcoin suggests a renewed appetite for risk, but thin trading volumes and imminent token unlocks could quickly reverse gains. STRK’s rally is fueled by plans to transition from L2 to L1 and implement quantum-resistant security, while ZRO benefits from its new ATLAS fee infrastructure. Both projects, however, face the challenge of absorbing large new token supplies without triggering sharp price corrections.

Source: CoinDesk