According to PANews, CryptoQuant analyst Axel Adler Jr has noted that as of June 27, 2025, the average monthly trading volume for altcoins stands at $1.6 billion, which is below the annual average of $2.5 billion. This moderate volume suggests that the assets may be in a consolidation phase, potentially accumulating momentum for the next altcoin season.
The analysis highlights periods marked by green circles on the chart, indicating times when monthly trading volume fell below $1.6 billion. These include early 2023, the latter half of 2023, and August to September 2024. Historically, lower trading volumes during these stages have often preceded significant price increases in altcoins.