$SOL, $LUNA, and $AVAX have been sold off too aggressively lately. Expecting them to lead on the next bounce as people become risk-on again.

Afterwards, expect the usual rotation into smaller caps like $FTM, $NEAR, $ONE, $MATIC.

Intuitively, I expect big funds are bidding SoLunAvax here because they are high growth assets that are also relatively low risk.

Retail and high net worth individuals more likely to bid alt L1s because they need to capture greater upside and volatility isn’t a concern.