Crypto Market Activity Around Halloween
As Halloween approaches, the crypto market faces its usual mix of volatility and anticipation. Historically, late October has favored gains, with many major tokens rebounding in early November.
This year, altcoin market capitalization stands at $3.61 trillion, according to CoinMarketCap. As October ends, the market enters one of its most active weeks. Five altcoins—AAVE, Ethereum, Dogecoin, Sui, and Avalanche—have consistently posted post-Halloween gains.
Beyond seasonal rallies, each coin has made headlines in October, signaling rising institutional interest, treasury growth, and shifts in decentralized finance (DeFi) liquidity.
Notable Post-Halloween Altcoins
AAVE: Steady Recovery After Halloween
AAVE has shown resilience around Halloween. In the past five years, it averaged an 11.8% rebound in the week after October 31. Although AAVE often dips late in October, buyers usually return in early November.
Earlier in October, Aave’s total deposits surpassed $75 billion. This milestone underscores the growing role of decentralized lending in global finance. Aave’s community-governed liquidity pools continue to attract funds previously held by traditional intermediaries.
Ethereum (ETH): Consistent Gains with Corporate Support
Ethereum posts steady yet subtle gains during Halloween. From 2020 to 2024, ETH recorded positive seven-day returns after Halloween each year, averaging 4.5%.
This week, SharpLink Gaming announced plans to deploy $200 million in Ethereum on Consensys’ Layer-2 Linea network. Supported by ether.fi and Eigen Labs, this move aims to generate institutional-grade yield from staking and decentralized apps.
The multi-year plan indicates a trend of corporations shifting idle crypto assets into yield-generating strategies on Layer-2 platforms.
Dogecoin (DOGE): Volatile but Profitable
Dogecoin shows notable volatility around Halloween. Its average post-Halloween gain is 5.6%, though its trajectory is uneven. In 2022, DOGE surged nearly 95% amid Elon Musk’s Twitter takeover.
This October, CleanCore increased its Dogecoin holdings to 710 million tokens, realizing about $20 million in profits since its last update. The firm is progressing toward a goal of holding 1 billion DOGE tokens.
Other Altcoins and Market Trends to Watch
Sui (SUI): Strong Technology, Slow Growth
Sui is technically advanced, with a parallel transaction model aimed at scalability. However, its adoption lags behind more community-driven projects.
Sui appeared on the DTCC’s official listing site this October, a key step toward potential SEC approval. Following this, SUI rose 11.2%, trading near $2.25 after reaching yearly lows.
Avalanche (AVAX): Reliable Performance and Growing Treasury
Avalanche remains a stable performer supported by a solid DeFi ecosystem and real-world asset integrations. Although its rallies are modest, it often benefits from post-Halloween liquidity flows.
In early October, Avalanche Treasury Co. and Mountain Lake Acquisition Corp. announced a $675 million Avalanche treasury. This fund includes $460 million to finance projects and improve market access to AVAX. The initiative aims to boost liquidity and growth in the Avalanche ecosystem.
Conclusion: Seasonal Trends in Crypto
The five altcoins discussed have shown positive performance in the week after Halloween. This period often features increased liquidity, portfolio rebalancing, and short-term market rebounds.
While past trends don’t guarantee future results, these patterns reflect a recurring seasonal rhythm. This Halloween, familiar altcoins could once again show upward momentum in the crypto market.
