A number of altcoins in the cryptocurrency market, including assets such as DOGE, WLD, PUMP, MNT, HYPE, and AVAX, have seen an 18% or more increase on the weekly chart, according to CoinGecko. There are various reasons behind this uptrend, such as alt season expectations and institutional activity.
In this piece, we will look at a few assets as well as the overall market situation. At the time of writing, the gains on the weekly chart for these are:
- DOGE – 21.7%;
- BONK – 29.3%;
- WLD – 95.8%;
- PUMP – 36%;
- MNT – 35.1%;
- HYPE – 23.9%;
- AVAX – 18.4%;
- PENGU – 30.1%;
- ENA – 19.2%;
- ONDO – 18.4%.
The altcoin sector capitalization, excluding bitcoin, is $1.66 trillion. On the weekly chart, the increase reached 7.6%, on the monthly chart – 3%.
However, this growth is not only driven by large coins such as Solana or XRP. The altcoin dominance index, which does not take into account the capitalization of the top 10 assets, also shows growth – 5.5% on the weekly chart and 6.9% on the monthly chart.
The altcoin index from CoinMarketCap portal points to a value of 66 points. This is less than the threshold value of 75, but the growth of the indicator (13 points for the week and 31 for the month) indicates positive dynamics:
At the same time, experts have different opinions regarding the alt season as a whole. Coinbase believes that it will start in September, which is indicated by a number of factors. These include the increased M2 money supply, which may lead to an inflow of liquidity in case the U.S. Federal Reserve eases its course.
Bloomberg Intelligence analyst James Seyffarth believes the alt season has already begun, and it’s “corporate.” According to him, the niche of highly volatile and speculative assets in the market has been occupied by treasury management company (DAT) stocks. That said, the approval of spot ETFs on altcoins is unlikely to lead to a surge in growth, he believes.
Meme coin sector
Dogecoin (DOGE) is a good place to start. The asset’s price rose by almost 22% over the week. In addition, the asset managed to break through the daily triangle at $0.30 after a long consolidation phase in the range of $0.2 to $0.25, according to Finance Magnates.
The asset’s growth is due to a number of factors. The more global one is purchases of the asset by whales and institutional players. For example, in mid-August alone, large holders increased their portfolios by 2 billion DOGE in a week.
In addition, shares of the first spot DOGE-ETF in the US from Rex Shares and Osprey Funds are expected to start trading.
BONK’s price chart looks similar. The gain for the week is almost 30%. In this case, the growth is also due to a number of factors.
In particular, the mentioned Rex Shares and Osprey Funds applied for registration of an asset-based fund at the same time as the DOGE-ETF. In addition, the number of meme coin holders is approaching the $1 million mark, which will be followed by the burning of 1 trillion BONK.
In the case of PENGU, the gain on the weekly chart is more than 30%. Recall, this is a token of the NFT project Pudgy Penguins, the airdrop of which took place in December 2024.
The growth can be traced against the background of a jump in trading volume. In the last 24 hours alone, it has grown by more than 40%, according to CoinMarketCap.
In addition, Canary Capital has applied to register an ETF based on PENGU. It is not yet accepted, unlike the Rex Shares and Osprey Funds products, but the community is expecting more altcoin-based funds to launch, which is what is pushing the price of meme coin up.
Next is the PUMP token of the punp.fun platform. We have analyzed it in detail in separate materials:
Over the last week, it rose by more than 36%, getting close to the maximum set when the asset started trading.
As in the case of other assets from this article, the activity of big players is behind its growth. Binance and Upbit exchanges are flooding the asset, large holders are buying it, and developers continue to expand its functionality as part of the Project Ascend initiative.
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Other altcoins
Project World’s WLD token (Formerly Worldcoin) showed a sharp jump of more than 90%. As you can see on the chart, it occurred on September 8-9, 2025, after which the asset traded sideways.
This is probably due to the fact that the token became a treasury token. Eightco Holdings announced a reserve based on WLD, for which it raised $270 million in a private placement (PIPE).
The MNT token rose more than 35%. The jump in the exchange rate of this particular asset was discussed in detail in a separate article.
HYPE asset of Hyperliquid project also saw a significant growth. Its reasons are institutional activity, VanEck has applied for launching HYPE-ETF, and ecosystem initiatives. In particular, the exchange plans to bring its own stablecoin to the market.
The AVAX price chart also shows a clear price jump. It occurred on September 10, 2025 amid the news that the Avalanche Foundation organization plans to launch several institutional structures in the United States to manage a $1 billion treasury.
The growth of the ONDO token, up more than 18%, is also due to a number of factors. This is the launch of the Ondo Global Markets tokenized stock trading platform and the subsequent increase in activity.
ENA, the token of the Ethena project, an issuer of the USDe stablecoin, rose by more than 18%. One of the reasons for this is likely a large infusion from crypto expert and BitMEX co-founder Arthur Hayes.
