Altcoins Hyperliquid, Pump.fun Post Double-Digit Weekly Gains as Bitcoin Nears $90K
Several altcoins, notably Hyperliquid (+65%), Pump.fun (+33.6%), Canton (+23.3%), and River (+21.8%), have outperformed the broader market with strong weekly gains while Bitcoin consolidates between $81,000 and $95,000, causing its dominance to stall around 59.5%. Altcoin dominance has grown from 6.7% to 7.06%. Traders are showing renewed risk appetite, favoring projects with solid fundamentals and especially those perceived to offer fast returns. Sentiment on prediction platforms has turned bullish for Pump.fun and Hyperliquid, with traders expecting Hyperliquid’s airdrop before Pump.fun’s. The rally coincides with a sharp weakening of the U.S. Dollar Index, which has fallen from nearly 110 to under 96 since January 2025, creating expectations of easier financial conditions and fueling sector rotations into riskier assets. Analysts attribute each altcoin's surge to unique catalysts—such as increased trading volumes, sector-specific demand, or renewed meme coin interest. The trend suggests the altcoin market is maturing, with selectivity and fundamentals driving performance. Analysts anticipate a phased recovery in altcoins, with resilience hinging on adoption and innovation.
