Bybit’s Q3 2025 Asset Allocation Report reveals a decisive investor shift away from stablecoins and into Solana (SOL), XRP, and a wide range of altcoins. The move points to growing risk appetite as institutions slash cash levels in favor of higher-yielding assets while Bitcoin and Ethereum remain portfolio anchors. Stablecoin Holdings Collapse as Solana and XRP Climb the Ranks Bybit data shows that stablecoin holdings dropped from 42. 7% in April to just 25% in August, a steep decline of over 20% in four months
source: https://beincrypto.com/investors-slash-stablecoin-bybit-q3-report/