August was the hottest month for top 100 altcoins and tokens

August saw the broadest spillover of liquidity into the top 100 altcoins and tokens. 83 of the top 100 assets saw significant net gains, boosted by several major narratives. 

August ended as ‘Bitcoin season’, as the leading coin recovered the $80,000 level on several occasions. However, this did not prevent liquidity from spilling over into the top 100 most active and liquid coins and tokens. 

Based on CoinMarketCap data, 26 altcoins and tokens outperformed BTC significantly in the past three months. As Cryptopolitan reported, other assets were closely watched, including ETH as the leader of a new altcoin season. 

Cryptorank also noted that the market breadth ranking reached a yearly high, signaling the spread of liquidity to selected coins and tokens. During those rallies, older assets return to positive gains, but there is no rush to new launches or a liquidity rush to new mints. Traders switched to legacy assets with proven utility and presence on exchanges, with the rare meme token launch. 

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