Crypto options platform PowerTrade indicates that traders are positioning for a strong year-end rally across several altcoins, including SOL, XRP, TRUMP, HYPE, and LINK.
According to PowerTrade, sharp gains in alternative cryptocurrencies could define the final quarter, with SOL, XRP, and TRUMP leading the charge. “Traders were placing bets on altcoin season running into year-end, with heavy call activity for December expirations in AEVO, AR, DOGE, ENA, HYPE, LINK, MOG, PAXG, SOL, TIA, TRUMP, and ZRO,” Bernd Sischka, Co-Founder and Chief Commercial Officer at PowerTrade, told CoinDesk.
The platform reported over $1 billion in cumulative trading volume in August, with roughly 68% of trades in call options, signaling bullish sentiment. Call options give holders the right—but not the obligation—to buy an asset at a predetermined price by a specific date, representing an expectation of upside moves.
Solana drew significant attention, with heavy call buying for September and December expirations at strike prices well above current levels, reflecting trader confidence in a fourth-quarter breakout. XRP also saw unusually large block trades in December calls, hinting at optimism around regulatory clarity or ecosystem developments. In a notable twist, TRUMP options saw massive call spreads, suggesting expectations of heightened volatility.
Meme tokens such as DOGE and PEPE attracted primarily retail interest, while established altcoins like WIF recorded rising open interest, indicating that institutional investors are quietly building positions. PowerTrade emphasized that institutions are increasingly active, executing block RFQs on Bitcoin and Ether volatility, alongside substantial altcoin trades combining hedging and speculation. “With Fed policy steady and liquidity returning, stars are aligning for a monster altseason at year-end,” the platform said.
PowerTrade’s report reflects growing speculation beyond Bitcoin and Ether, as both retail and institutional players prepare for potential altcoin gains in the coming months. While its trading volume is smaller than platforms like Deribit, PowerTrade differentiates itself by offering options on smaller altcoins, enabling traders to hedge risk and capitalize on price movements in tokens often overlooked by larger exchanges.
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