TRUMP, XRP, and SOL Options Point to Possible Year-End Altcoin Rally: PowerTrade

Crypto options platform PowerTrade reports that traders are eyeing a potential year-end rally in altcoins, with SOL, XRP, TRUMP, HYPE, and LINK drawing the most attention.

According to the platform, SOL, XRP, and TRUMP are seeing the strongest call option activity for December expirations. “Traders are betting on an altcoin season running into year-end, with heavy call activity in AEVO, AR, DOGE, ENA, HYPE, LINK, MOG, PAXG, SOL, TIA, TRUMP, and ZRO,” said Bernd Sischka, Co-Founder and Chief Commercial Officer at PowerTrade.

The platform reported over $1 billion in August trading volume, with 68% in call options, signaling bullish sentiment. Solana saw significant call buying at strike prices above current levels, suggesting expectations of a Q4 breakout. XRP recorded large December call trades, while TRUMP options showed massive call spreads, pointing to anticipated volatility.

Meme coins like DOGE and PEPE attracted mostly retail traders, whereas altcoins like WIF experienced rising open interest, indicating institutional accumulation. PowerTrade noted that institutions are increasingly active, executing block trades on Bitcoin, Ether, and altcoins to combine hedging with speculative bets.

While smaller than platforms like Deribit, PowerTrade differentiates itself by offering options on smaller altcoins, giving traders opportunities to hedge and capitalize on price moves often unavailable elsewhere.

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