Token founded by Ripple co-founder gains 70% in a week originally appeared on TheStreet .

As Bitcoin hit a record high of $118,856.47 on July 11, it also provided a tailwind for altcoins to rally.

While other altcoins posted impressive gains, one token that usually remains under the radar took everyone by surprise — one shot ahead by a mile.

Over the last seven days, Bitcoin has surged by 8.7%, Ethereum 17.6%, XRP 26.4%, Solana 9.5%, Dogecoin 22.2%, and ADA 25.7%.

However, this less-discussed altcoin has posted a weekly gain of 70%.

We are talking about Stellar Lumens (XLM) that reached as high as $0.4131 on July 12, its highest point since early February.

Join the discussion with Benjamin Cowen on Roundtable here.

Launched by Ripple co-founder Jed McCaleb in 2014, Stellar Lumens doesn't seem to create as much noise as XRP or other altcoins within the crypto community.

However, its recent rally has sent the crypto community into a state of euphoria.

Popular crypto handle on X, @LLuciano_BTC, highlighted how XLM is outperforming many of its competitors.

With a market cap of $12.5 billion, XLM is the twelfth-largest cryptocurrency. Its trading volume within the last 24 hours is $2.7 billion.

Monster altcoin season

BitMEX co-founder Arthur Hayes, a prominent voice in the crypto circles, urged the community to "get ready for a monster alt szn," given BTC has hit a record high and ETH is also following in its footsteps.

To gauge whether an alt season is underway, a key metric to analyze is Bitcoin dominance. It refers to BTC’s share of the total crypto market cap.