Altcoin Season Just Shifted – Traders Crowd Aethir, Mantle, Hyperliquid. Who Misses Out?

Altcoin season is developing through tokens that show both trading depth and current ￰1￱ of a blanket rally across the sector, liquidity has been rotating into assets tied to infrastructure, derivatives, and gaming ￰2￱ latest movement puts Aethir, Mantle, and Hyperliquid in focus, each with distinct reasons behind recent price ￰3￱ rotation reflects how altseason often unfolds in ￰4￱ look for names with active order books, visible narratives, and exchange ￰5￱ has gained from surging volumes and attention around its gaming and cloud-based ￰6￱ continues to build momentum through exchange support and recognition as a Layer-2 scaling ￰7￱ remains a centerpiece of discussion around derivatives and speculation tied to institutional ￰8￱ (ATH): Volume Expansion Fuels Attention Aethir is trading near $0.06 , with a daily volume above $110 million and a market capitalization of about $742 ￰9￱ circulating supply stands at roughly 12.2 billion tokens out of a maximum of 42 ￰10￱ price has gained about 7% in the past day, supported by liquidity flows into centralized exchanges.

It’s DePIN Day at @token2049 Singapore and you already know Aethir’s CSO & Co-founder @MRRydon had to show up Catch him on Oct 3rd dropping hot takes on AI, Aethir & all things DePIN at @depinday : ￰0￱ ￰11￱ — Aethir (@AethirCloud) September 26, 2025 The sudden increase in trading activity has made Aethir a candidate for short-term altseason ￰12￱ books show more substantial depth than in prior weeks, and ATH has been among the more liquid gaming-related tokens this ￰13￱ infrastructure role in cloud and gaming contexts gives it recurring visibility, which helps maintain turnover once liquidity ￰14￱ (MNT): Exchange Support and Layer-2 Demand Mantle is trading around $1.69, with a market capitalization of nearly $5.5 billion and a daily turnover of more than $500 ￰15￱ circulating supply is about 3.25 billion ￰16￱ price has climbed about 5% in the past 24 hours, extending a multi-week trend that has lifted MNT from the $1.40 range earlier this ￰17￱ Price () The token’s strength comes from steady exchange support and expanded derivatives ￰18￱ with trading venues such as Bybit have encouraged consistent activity, and the project’s positioning as a Layer-2 scaling network has added longer-term ￰19￱ traders, MNT combines liquidity with a credible narrative, making it a recurring target when altcoin season rotations look for infrastructure ￰20￱ (HYPE): Derivatives Activity and ETF Speculation Hyperliquid is now trading near $43 , with a daily volume between $650 million and $700 million and a market capitalization of about $14.5 ￰21￱ circulating supply stands at around 336 million tokens out of a maximum of 1 ￰22￱ recent move has been linked to speculation around a potential Hyperliquid spot ETF filing by Bitwise, which drew discussion about institutional entry ￰23￱ the same time, derivatives markets tied to Hyperliquid remain heavily traded, giving the token consistent ￰24￱ HYPE has pulled back from its recent highs, its open interest across perpetual markets keeps it in focus for traders looking at altseason derivatives ￰25￱ Season Outlook Aethir, Mantle, and Hyperliquid show how altcoin season builds through diverse narratives .

Aethir’s rising volume anchors it in gaming-linked ￰26￱ captures capital through its role in scaling and steady exchange ￰27￱ remains tied to derivatives activity and speculation about institutional ￰28￱ combination illustrates why altseason often moves in ￰29￱ respond to liquidity and catalysts, not sector-wide ￰30￱ now, the flows into these three tokens show where selective participation is shaping the current cycle.