Alt Season Is Extinct. Let the TRALT Era Begin. After closing most of my HOOD trade, I started thinking about what made it so good. It really came down to two things: Trump’s pro-blockchain stance and HOOD’s aggressive lean toward on-chain. That’s it. That combination created a perfect intersection of narrative and structural alignment. What really caught my attention, though, was how quickly my brain compared HOOD to alts and then realized how both HOOD and COIN have massively outperformed them. This got me thinking. They are liquid proxies for what crypto is becoming: not tokens that promise the future, but public companies already absorbing it. As centralized exchanges begin to integrate equities and as traditional stocks begin to live on-chain, the separation between stocks and alts will erode. Price discovery, distribution, and ownership will merge into one continuous surface. The same tools and liquidity that powered crypto will start powering listed equities. And that’s when it hit me. The next bubble won’t be about tokens trying to be companies. It will be about companies becoming tokens. It will be in real companies that integrate blockchain, either visibly through products or invisibly through infrastructure. Stripe, Western Union, Square, Shopify. Firms that don’t sell crypto but build on it. That will mark the true renaissance of this technology, the industrial adoption phase that the internet reached after its own crash. And this time, it will all trade on-chain. The same memetic energy that drove DOGE and PEPE will price the equity of companies merging finance and protocol. Retail and institutions will bid in the same arena, under the same rules, on the same rails. That’s why I doubt we’ll ever see another traditional alt season. What’s coming is a TRALT (coining it) season, tokenized real asset liquidity trading. It will dwarf anything before it because it completes the loop. On-chain will no longer be a sector. It will be the market itself. If I’m right, this will be another huge opportunity that on-chain delivers to the masses, another great redistribution of wealth, another moment for the plebs of the world (and I say that kindly.) Awareness.