Altcoin Rally Explodes: NEAR, ARB, AVAX, INJ, UNI Lead As Kevin O’Leary Says Ethereum May No Longer Rule

• Near Protocols led the seven-token rally over this week, while Arbitrum, Ethena, Avalanche, Uniswap, Zcash, and Injective also posted strong weekly gains.

• Analysts highlighted ARB, UNI, and ZEC and pointed to separate developments around those tokens.

• Injective gained 32% over the week as the Securities and Exchange Commission received an amended filing for the proposed 21Shares Injective ETF.

Altcoins rallied sharply over this week, with Near Protocol (NEAR) leading the group after gaining over 60%, Arbitrum (ARB) followed with a gain of over 54%, among others, as industry figures pointed to technical breakouts, token-specific developments, and broader interest across several crypto sectors.

Ethena (ENA) rose nearly 49%, and Avalanche (AVAX) added over 40%. Uniswap (UNI) climbed 38%, Zcash (ZEC) gained nearly 33%, and Injective (INJ) rose 32% over the week.

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The rally spanned both larger and smaller altcoins, while market capitalization and trading volume showed where activity was concentrated. ZEC remained the largest of the seven by market cap at $24.56 billion. UNI and NEAR followed, with market capitalization of $5.37 billion and $4.86 billion, respectively. AVAX held a $4.56 billion market cap, while ENA's market cap stood at $2.1 billion. INJ and ARB were smaller, at $774.9 million and $1.43 billion, respectively.