Altcoins Hyperliquid, Pump.fun Post Double-Digit Weekly Gains as Bitcoin Nears $90K

Altcoins including Hyperliquid, River, and Pump.fun person seen a sustained rally implicit the past week, notching double-digit gains implicit the period.

Hyperliquid is the wide victor among the apical 100 coins by marketplace cap, surging 65% implicit the past week, according to CoinGecko data. Pump.fun, Canton and River and followed intimately with 33.6%, 23.3% and 21.8% gains respectively.

The surge successful altcoins comes arsenic Bitcoin consolidates betwixt $95,000 and $81,000, which has seen the apical crypto’s dominance signifier a section apical astir 59.94 to 59.50. Bitcoin is presently trading astatine $89,373, up 1.9% connected the day, per CoinGecko data.

Meanwhile, the past week has seen altcoin dominance detonate from astir 6.7% to 7.06%.

“Traders are looking for speedy wins successful projects that person coagulated fundamentals,” Rachel Lin, CEO and Co-founder of SynFutures, told Decrypt.

As a result, users connected prediction marketplace Myriad, owned by Decrypt’s genitor institution Dastan, flipped bullish connected Pump.fun’s outlook Wednesday aft a week of bearish sentiment. Myriad traders present spot a 56% accidental connected PUMP’s adjacent determination taking it to $0.005 alternatively than $0.001.

Interestingly, a marketplace connected Hyperliquid’s outlook that resolved erstwhile it deed $30 Tuesday besides showed a precocious flip to bullish sentiment aft a week successful which bears dominated.

Myriad users expect Hyperliquid’s airdrop volition hap earlier Pump.fun’s, assigning a 54% accidental to this outcome.

The inclination signals wherever speculative superior is moving during a play of macro uncertainty, revealing a displacement successful hazard appetite beneath the market’s surface.

The U.S. Dollar Index (DXY), which measures the dollar against a handbasket of large currencies, has trended little from astir 110 successful January 2025 to 95.70 this week. This dollar softness reinforces expectations of looser fiscal conditions.

“The worth of the dollar is great," U.S. President Donald Trump told Fox News Tuesday.

“The U.S. dollar's comparative oversupply compared to different assets is manifesting successful depreciation and assemblage rotations,” Lacie Zhang, Market Analyst astatine Bitget Wallet, told Decrypt. “This imaginable plus ostentation underscores the request for diversified portfolios to capitalize connected these inflows.”

Zhang noted that each altcoin’s surge is driven by a chiseled catalyst.

“River benefits from superior inflows and precocious short-term trading volumes, portion Hyperliquid gains from beardown metallic trading activity, boosting task revenues,” the expert said. Pump.fun’s relation arsenic meme coin infrastructure, meanwhile, “signals renewed involvement successful the meme sector, encouraging projects to absorption connected existent inferior and community-driven momentum.”