šŸ“‰ Is Altseason Already Fading? - HODLFM Weekly

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Hi Hodler,

Bitcoin is moving up again, but the rest of the market isn’t following the usual script.

Altseason hype is fading, Pudgy Penguins is facing a trademark lawsuit, and Polymarket just pulled a controversial prediction market that had people questioning how far crypto speculation should go.

Here’s what everyone in crypto was talking about this week.

Its Been A Long Time Waiting GIF

While waiting for the crypto bull run

šŸ“° THIS WEEK’S HOT NEWS

🐧 Pudgy Penguins hit with trademark lawsuit

The NFT project Pudgy Penguins is now facing legal trouble. The owner of the Original Penguin clothing brand has filed a trademark infringement lawsuit, claiming the NFT company’s penguin-themed branding could confuse consumers.

PEI Licensing, which operates the Original Penguin apparel brand, says Pudgy Penguins used penguin-related trademarks and designs that resemble its own long-standing marks used on clothing since the 1950s and 1960s.

The lawsuit highlights a growing clash between traditional brands and crypto-native companies expanding into physical merchandise.

šŸ“‰ Altseason mentions are fading

For months, traders have been waiting for the next ā€œaltseason.ā€ But the hype may be cooling off.

Recent data shows that online mentions of altseason are dropping sharply, suggesting traders are becoming more cautious about expecting a broad altcoin rally. Instead, market attention is shifting back to major assets like Bitcoin.

While altcoins still see occasional bursts of momentum, the narrative that ā€œaltseason is comingā€ may be losing traction — at least for now.

šŸ“ˆ Bitcoin hits a four-week high

Bitcoin surged to its highest level in about four weeks, giving the market a boost after a quieter period.

The move comes as investors continue to monitor macroeconomic signals and ETF-related inflows. The rally also reinforces Bitcoin’s dominant position in the market, especially as interest in altcoins temporarily cools.

For traders watching market sentiment, Bitcoin’s strength often sets the tone for the rest of the crypto ecosystem.

āš ļø Polymarket archives controversial nuclear prediction market

Prediction market platform Polymarket has quietly archived a contract that allowed users to bet on the possibility of a nuclear weapon detonation.

The market sparked heavy criticism online, especially after odds posted on social media suggested a significant probability of such an event. Critics argued that allowing speculation on catastrophic global events raises ethical and regulatory concerns.

Following the backlash, the contract disappeared from the platform without a detailed explanation, adding to the debate around prediction markets and their boundaries.

šŸ“ˆ TOP GAINERS & LOSERS

Top 3 Gainers.

  1. River (RIVER) - Amazing growth of 86.03% to a price of $20.46 this week

  2. Humanity (PROTOCOL H) - 39.86% rise over the week to end price of $0.1664

  3. Kite (KITE) - Rise of 29.62% to a price of $0.3141 this week

Top 3 Losers.

  1. pippin (PIPPIN) - 49.95% dropped to a price of $0.3476 this week

  2. Decred (DCR) - lost 15.23% to end week at a price of $30.04

  3. Polygon (POL) - 12.88% loss, end-of-week price stopped at $0.1004

šŸ“˜ EDUCATIONAL PICK — LEARN & LEVEL UP

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Disclaimer: We're here to entertain, not to be your financial guru. This newsletter is purely for educational purposes and does not constitute financial advice or a magical fortune-telling session. So, grab your popcorn, enjoy the read, but remember to use your own wits and conduct thorough research before making any money moves. Stay curious, my friend!