A tide of criticism is crashing down on altcoin-heavy treasury strategies, with the likes of Mike Novogratz saying the boom in crypto treasuries could be peaking. Still, in the face of criticism, Solana (SOL) and SUI are attracting fresh attention from investors. Bitcoin, Ethereum, and even newer projects such as MAGACOIN FINANCE are all in the mix as market participants try to decide what’s worth holding and what is not.
Mike Novogratz, CEO of Galaxy Digital, recently cautioned that many companies pushing aggressive altcoin-treasury strategies may face headwinds. According to his view, the model of raising capital or using debt to acquire large holdings of multiple tokens is showing signs of being stretched thin. He pointed out that earlier entrants like Strategy (formerly MicroStrategy), which focused mainly on Bitcoin, set high bars — now many follow that template, often without a clear differentiating edge.
Novogratz noted that while the initial wave of crypto treasuries has helped bring more participants into the market, newer ones will have a tougher time standing out. He believes saturation and product similarity could make returns harder to come by.
Despite the critique, SOL and SUI are seeing rising demand from institutional investors, showing that not all altcoin strategies are viewed equally. Solana’s treasury strategies are growing: 13 publicly listed companies now control about $1.8 billion in SOL in their treasuries, representing nearly 1.55% of Solana’s circulating supply.
Similarly, investor activity around SUI shows rising interest, especially from companies exploring how best to hold or stake SUI tokens for yield. The broader trend: investors are leaning toward tokens with clearer use cases, yield potential, and transparent infrastructure. Solana is getting validated not just for its speed or throughput, but also for yielding via staking and ensuring network security. Implications for Bitcoin, Ethereum & Newer Names
Bitcoin and Ethereum continue to be the reference points in these discussions. Many treasury strategies view BTC as a more stable reserve, particularly as altcoin risk increases. ETH remains central to the narrative around smart contract platforms, staking, and decentralized finance.
Where things are shifting is in how newer projects are being evaluated. Token quality, staking yield, network performance, and institutional trust are becoming more important than just hype or claim. That’s why SOL and SUI are catching attention.
Among smaller or emerging tokens, MAGACOIN FINANCE is gaining soft mentions from analysts who are watching for the next wave of altcoins that combine utility, community, and potential upside. It could be in a position to benefit if investor sentiment shifts away from reckless accumulation toward selective quality.
The message from Novogratz and others seems to be: just hoarding altcoins is less attractive now. The market is trending toward quality over quantity. Solana and SUI are among the standouts — a mix of demand, yield, and infrastructure credibility.
For those keeping an eye on the market, that means Bitcoin and Ethereum are still the anchors of stability. Up-and-coming tokens like MAGACOIN FINANCE are promising for growth, but only if they live up to more stringent criteria of utility and transparency. Investors who are prepared to be selective may find the picking better now than the general gathering.
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
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