PANews reported on December 21 that, according to Cointelegraph, BitMEX co-founder Arthur Hayes stated in a YouTube podcast interview that the altcoin season has always been ongoing. "If you keep saying the altcoin season hasn't arrived yet, it's because you're not holding those rising coins."

In the podcast, Hayes stated that many traders still expect altcoins to perform as they have in previous years, assuming the same cryptocurrencies and patterns will repeat themselves. However, traders should "adjust their strategies" and focus on new market movements rather than relying on history. "This is a new cycle, new things are emerging." Hayes pointed to Hyperliquid as "the most exciting story" in this crypto cycle so far, mentioning that it initially launched at "two or three dollars" and then "skyrocketed to $60." He also mentioned Solana, which, after most of its gains in 2022, fell to nearly "$7" but then surged to almost $300 at the beginning of this year.