1/3 Leadership just rotated hard. BANK, BR, VELVET β the BNB-chain names that were working a day ago β all broke structure. VELVET down 74% in 24h. That's not a dip, that's a mania unwind.
But capital didn't leave. It migrated. SKYAI held its expansion and is printing higher highs at $0.31. SQD broke out clean, closing at session highs near $0.042. AIN stepped into the vacuum with an orderly push to $0.12.
The signal worth paying attention to: new names replacing old ones is healthier than old names trying to squeeze higher. Solana side showing life too β GRASS, SWARMS both with real structure.
The catch that keeps me from getting too comfortable: BNB, ETH, SOL, XRP all still structurally weak. This is a selective alt rotation tape, not a broad move. Play the names with clean charts, but know the floor underneath is narrow. Watching whether SKYAI holds $0.25 and SQD stays above $0.035 β those are the tells for whether this rotation has legs or fades like the last one.