After the meme coins, mid-cap altcoins are making a comeback. The logic is that the bear market has been going on for 8 months, and a batch of mid-to-old coins with sufficient turnover and a few billion in market cap just need a push in contract OI to drive the price up. Once it pumps, it can even attract retail traders who are used to shorting. Leading the pack are ZEC/TON, two well-known names with big players buying in. Other targets include TAO/VIRTUAL/FIL, which showed some performance in the past few months. Interestingly, some narrative-driven coins are also making moves, including ONDO and ARB, tied to the 'crypto-equity' narrative. The current situation shows inflows of funds/OI, but compared to the major rallies in U.S. equities, the logic here is far less certain, and the sustainability is still unknown.