TOTAL3 market cap hit a record $1.18 trillion, signaling accelerating momentum within the altcoin cohort of the crypto market.
USDT dominance dropped sharply, hinting at capital rotation into risk assets.
TradingView ticker, TOTAL3, which tracks the market capitalization of all cryptocurrencies excluding Bitcoin (BTC) and Ether (ETH), reached a new all-time high of $1.18 trillion on Monday. The metric also marked its highest weekly close on Sunday, surpassing its peak market capitalization from 2021.
Traders use the TOTAL3 chart as an indicator of altcoin market health because its combined valuation provides insight into capital rotation patterns and the strength of the broader altcoin ecosystem.
Adding fuel to the altseason speculation, USDT dominance has plummeted by 11.8% over the past week, dropping to 4.18% from 4.74%. This sharp decline in Tether’s market share typically signaled that investors are rotating capital away from stablecoins and into riskier assets, seeking higher returns as market confidence builds. A drop below 4% would match its lowest USDT dominance since January 2025.
Crypto trader Honey also expressed bullish sentiment and identified a breakout from a cup-and-handle pattern on the weekly chart. Honey said:
“We have officially broken out of the cup and candle, which is extremely bullish for our beloved altcoins. expect fireworks in the coming weeks. TOTAL3 to $1.6T.”
A deeper look at performance data among the top 100 crypto assets highlighted the growing strength and the complexity of this emerging altcoin cycle.
The data revealed a decisive acceleration in altcoin momentum over the past three months, with cumulative returns outpacing Bitcoin’s by more than sixfold. This shift suggested that while Bitcoin continues to anchor the market, capital is increasingly rotating into riskier assets, which is an indicator of an “altseason” in formation.
Top 100 excluding BTC average returns data. Source: Cryptobubbles/Cointelegraph
However, not all indicators are fully aligned yet. Average returns for the top 100 crypto assets show that only 60% of gains currently stemmed from altcoins, below the 80% to 90% threshold that typically defines an established altseason.
At the same time, the altcoin season index has climbed to 69%, closing in on the critical 75% line that would confirm widespread altcoin dominance.
Adding a layer of caution, CryptoQuant reported that since Sept. 22, exchanges have seen a $4 billion net outflow in ERC-20 stablecoins, with Binance driving $3 billion (75%) of the total. Its combined stablecoin reserves have fallen to $42 billion from $45 billion.
Large-scale withdrawals often follow market gains, suggesting investors are taking profits and moving capital off exchanges. Lower stablecoin balances reduce the “dry powder,” limiting buying power and increasing the market’s vulnerability to short-term price dips.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday.
Several altcoins are showing strength and are striving to rise above their overhead resistance.
Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708 on Sunday, but the bulls did not cede much ground to the bears. That shows the bulls are not rushing the exit as they anticipate the rally to continue. The bulls have again pushed the price to a new all-time high on Monday.
The recent rally has been backed by solid buying in the spot BTC exchange-traded funds, which recorded $3.24 billion in inflows last week. That was the second-best week of inflows into BTC ETFs, just short of the record $3.38 billion in inflows in the week ending Nov. 22, 2024, according to SoSoValue data.
Several top Wall Street banks expect BTC to extend its rally by the end of the year, boosted by sustained BTC ETF inflows and the correlation with gold. Citigroup anticipates a modest year-end target of about $133,000, but Standard Chartered analysts expect BTC to soar to $200,000 by December.
Can BTC continue its up move, or will it experience a short-term dip? How are the altcoins placed? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) continued its scintillating run last week, indicating that the bulls are firmly in the driver’s seat.
The first sign of weakness will be a break and close below the 20-day exponential moving average (EMA) (6,637). If that happens, the index could descend to the 50-day simple moving average (SMA) (6,503). Buyers are expected to defend the 50-day SMA with all their might because a break below it could start a deeper correction to 6,147.
On the contrary, if buyers maintain the price above the moving averages, it signals that the positive sentiment remains intact. The index may then attempt a rally to the psychological level of 7,000.
US Dollar Index price prediction
The bulls successfully thwarted attempts by the bears to pull the US Dollar Index (DXY) below the moving averages, but are finding it difficult to clear the overhead resistance at 99.
If the price remains above the moving averages, the buyers will again attempt to thrust the index above the overhead resistance. If they can pull it off, the index could surge to the 100.50 level. Sellers are expected to pose a strong challenge at 100.50, but if the bulls overcome this obstacle, the next stop is likely to be the 102 resistance level.
The zone between 97 and 96.21 is likely to act as a strong support on any dips. The bears will have to pull the price below the 96.21 support to signal the resumption of the downward move.
Bitcoin price prediction
The bears sold the rally to $125,708 on Sunday but failed to retain the price below the breakout level of $124,474 on Monday.
If the price turns down sharply from the current level, it signals that the bears are active at higher levels. Sellers will then try to pull the Bitcoin price to the 20-day EMA ($117,291). If the price rebounds off the 20-day EMA with strength, the bulls will strive to drive the BTC/USDT pair toward $141,948.
Alternatively, if the price turns down and breaks below the 20-day EMA, it suggests that the pair may continue to oscillate between $107,000 and $126,000 for a few more days. A bearish double-top pattern will be triggered if the pair plunges below $107,000.
Ether price prediction
Ether (ETH) broke above the resistance line on Monday, indicating that the buyers are attempting to seize control.
A close above the resistance line signals that the corrective phase may be over. The Ether price could rally to $4,769 and then to $4,957. Sellers are expected to vigorously defend the $4,957 level, but if the buyers prevail, the Ether price may surge to $5,500.
Instead, if the price turns down sharply and breaks below the 20-day EMA ($4,375), it may trap the aggressive bulls. That could sink the ETH/USDT pair to the $4,060 to $3,745 support zone.
XRP price prediction
XRP (XRP) is witnessing a tough battle between the buyers and sellers at the downtrend line.
The 20-day EMA ($2.94) has started to turn up gradually, and the RSI is just above the midpoint, indicating a slight edge to the bulls. The descending triangle pattern will be invalidated on a close above the downtrend line. That may result in a short squeeze, pushing the XRP price to $3.40 and later to $3.66.
Conversely, if the price turns down sharply and breaks below the moving averages, it suggests that the XRP/USDT pair may spend some more time inside the triangle.
BNB price prediction
Sellers tried to stall BNB’s (BNB) rally at $1,192, but the buyers had other plans. The bulls bought the shallow dip and have pushed the price to a new all-time high on Monday.
The BNB/USDT pair could rally to $1,252, where the bears may pose a strong challenge. However, if buyers pierce the $1,252 resistance, the uptrend could extend to $1,394.
The bears have an uphill task ahead of them. The first support on the downside is at $1,134 and then at the 20-day EMA ($1,052). Sellers will have to yank the BNB price below the 20-day EMA to signal a comeback. The pair may then tumble to the 50-day SMA ($941).
Solana price prediction
Sellers tried to tug Solana (SOL) below the 20-day EMA ($222) on Saturday, but the bulls held their ground.
The upsloping moving averages and the RSI in the positive territory indicate advantage to buyers. That increases the likelihood of a break above the $237 resistance. If that happens, the SOL/USDT pair could climb to the stiff overhead resistance of $260.
This positive view will be invalidated in the near term if the price turns down sharply and breaks below the 50-day SMA ($214). The Solana price may then tumble to the $191 support level.
The 20-day EMA has started to turn up, and the RSI has risen into the positive territory, signaling a slight edge to the bulls. If the price breaks above $0.27, the DOGE/USDT pair could ascend to the $0.29 to $0.31 resistance zone. Sellers are expected to fiercely defend the resistance zone because a break above it could propel the Dogecoin price to $0.39.
The uptrend line is the critical support to watch out for in the near term, as a break below it suggests the bulls are losing their grip. The pair may then remain inside the large $0.14 to $0.29 range for a while longer.
Cardano price prediction
Cardano (ADA) closed above the 50-day SMA ($0.85) on Thursday, but the bulls could not clear the hurdle at the resistance line.
A positive sign in favor of the bulls is that they have not allowed the price to sustain below the 20-day EMA ($0.84). That suggests strong demand at lower levels. The bulls are again attempting to push the price above the resistance line. If they succeed, the ADA/USDT pair could rally toward $1.02.
On the other hand, if the price turns down and closes below the 20-day EMA, it indicates strong selling near the resistance line. The Cardano price may then extend its stay inside the descending triangle pattern for some more time.
Hyperliquid price prediction
Hyperliquid’s (HYPE) relief rally is facing resistance at the 61.8% Fibonacci retracement level of $51.87, indicating selling on rallies.
The bears are trying to pull and sustain the price below the moving averages. If they manage to do that, the HYPE/USDT pair could slump to $43. This is a crucial support to watch out for because a break below it may sink the Hyperliquid price to $39.68.
Contrary to this assumption, if the price rises and breaks above $51.87, it suggests the bulls are back in the game. The pair could then rally to $55.18 and subsequently to the all-time high of $59.41.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
One-click minting, bonding-curve “graduation” and locked LPs concentrated liquidity, pushing Pump.fun’s share to 75%-80% at its peak.
Launches and fees are cyclical. After plunging 80% from January highs, activity snapped back by late August.
Rivals (LetsBonk, HeavenDEX, Raydium LaunchLab) can flip share in the short term with fees or incentives, but network effects often pull activity back.
Security incidents and US class-action litigation (including RICO claims) are the biggest overhangs on durability.
Pump.fun is a Solana-native launchpad that makes launching a token as easy as a few clicks.
New coins start on a bonding-curve contract, where around 800 million tokens are sold in sequence. Once that supply is bought out, the token “graduates,” and trading automatically shifts to an automated market maker (AMM). Today, that’s Pump.fun’s own decentralized exchange (DEX), PumpSwap (earlier launches migrated to Raydium).
For creators, the cost is minimal. There’s no fee to mint, and graduation carries only a small, fixed charge of 0.015 Solana (SOL) deducted from the token’s liquidity rather than as a separate payment.
After graduation, PumpSwap burns the liquidity provider (LP) tokens linked to the trading pair, effectively locking liquidity so it can’t be withdrawn manually. Funds can only move through regular trading activity. This design standardizes early price discovery for new memecoins while sharply reducing traditional rug-pull risks.
Did you know? Only a tiny fraction of Pump.fun tokens ever “graduate.” In July and August 2025, the graduation rate hovered around 0.7%-0.8% of launches.
How Pump.fun captured 80% of Solana’s memecoin launches
Pump.fun’s dominance came from pairing ultra-low-friction token creation with a standardized path to liquidity.
By routing new tokens through a bonding-curve graduation into an AMM, Pump.fun made early price discovery more predictable and reduced one of the main ways creators could rug-pull. As the Solana meme cycle picked up, that design translated into dominance: By mid-August 2025, Pump.fun recaptured roughly 73%-74% of launchpad activity over a seven-day period.
The lead wasn’t uncontested. In July, challenger LetsBonk briefly flipped Pump.fun on volume and revenue before momentum swung back (proof that deployers migrate fast to wherever execution and liquidity look best).
Pump.fun reinforced its dominance with two strategic policy shifts: Aggressive, revenue-funded buybacks of the Pump.fun (PUMP) token (in some weeks consuming over 90% of revenue) and a revamped creator-payout scheme under “Project Ascend.” Public disclosures indicate multimillion-dollar weekly repurchases and eight-figure creator claims, which likely helped attract deployers and recapture momentum.
Throughout 2025, external trackers consistently showed Pump.fun holding around a 75%-80% share of “graduated” Solana launchpad tokens during market upswings — a level it returned to in August after the July dip.
Did you know? Solana’s fees stayed near pennies (or even lower) during periods of mania. In Q2 2025, average fees fell to about $0.01, while the median hovered around $0.001, despite a January spike during the Official Trump (TRUMP) token frenzy.
A quick timeline of share and revenues
Jan. 24-26, 2025: Pump.fun hits an all-time daily fee record of around $15.4 million as Solana’s meme season reaches its height.
Late January-Feb. 26, 2025: Daily launches slide from roughly 1,200/day (Jan. 23-24) to about 200/day by Feb. 26, marking an 80%+ drop based on Dune-tracked cohorts.
May 16-17, 2024: An insider exploit of around $1.9 million forces a temporary pause; service resumes after fixes and a detailed post-mortem.
July 2025: New rival LetsBonk briefly tops Pump.fun in 24-hour revenue and market share — the first meaningful flip since Pump.fun’s breakout.
Aug. 8, 2025: Pump.fun launches the “Glass Full Foundation” to support selected listings during a revenue slump.
Aug 11-21, 2025: Market share bounces back to around 74% on a seven-day basis, hitting a $13.5-million record week and multibillion weekly volumes. Some trackers show intraday highs near 90% as rivals fade.
Aug. 20, 2025: Cumulative fees surpass $800 million, underscoring the scale of Pump.fun’s model despite volatility.
September 2025: Under Project Ascend, creators claim over $16 million, while the team continues aggressive buybacks — widely credited with helping restore traction.
Pump.fun’s dominance is cyclical but resilient. When sentiment weakens, launches and fees drop sharply. When incentives and liquidity improve, its share tends to rebound — often landing in the 70%-80% range on seven-day metrics.
Rivals and the “anti-Pump” pitch
Competitors have tried to compete on economics and liquidity. As noted earlier, LetsBonk briefly stole the spotlight in July, with some trackers showing it ahead in market share before Pump.fun regained the lead in August. Coverage described it as Pump.fun “fending off” a credible challenge.
Raydium LaunchLab positioned itself as the in-house alternative after Pump.fun stopped graduating pools to Raydium and introduced PumpSwap. LaunchLab leveraged Raydium’s native liquidity infrastructure — migrating new tokens directly into Raydium AMM pools — to attract creators and algorithmic traders seeking deep, established liquidity.
A newer challenger, Heaven (HeavenDEX), introduced a “give-it-back” model that burns 100% of platform revenues and, for a stretch, handled around 15% of daily launch activity. It positioned itself as the strongest rival to Pump.fun’s model during the summer share battles.
Ultimately, switching costs are low. Deployers move to whichever venue offers the best mix of fees, incentives and post-graduation liquidity. When rivals cut fees or boost rewards, market share can shift quickly.
Security, legal risk and market cycles
Pump.fun has faced its share of challenges.
Security incidents
Pump.fun has had notable security incidents. In May 2024, a former employee exploited privileged access to withdraw about $1.9 million, prompting a temporary trading halt and contract redeployment, with the team stating that the contracts remained safe. On Feb. 26, 2025, its official X account was hijacked to promote a fake “PUMP” token — a reminder of social-engineering vulnerabilities in memecoin platforms.
Legal overhang
Several US civil actions allege that Pump.fun facilitated the sale of unregistered securities. A consolidated amended complaint filed in July 2025 added RICO (Racketeer Influenced and Corrupt Organizations Act) claims and new defendants. The outcomes remain uncertain, but the litigation could reshape how launchpads approach listings, disclosures and revenue programs.
Cyclical demand
As discussed, launch counts and fee revenues reflect retail risk appetite. After a strong start to 2025, July revenue dropped to about $25 million, roughly 80% below January’s peak, before activity picked up later in the summer. Interest in memecoins naturally varies over time.
Reputation risk
Scrutiny of memecoins as pump-and-dump plays hasn’t faded. In one case, a Wired reporter’s hacked X account was used to create a Pump.fun token and cash out within minutes — adding pressure on platforms to improve account security, tighten verification and discourage opportunistic launches.
Did you know? One compliance firm claimed around 98%-99% of Pump.fun tokens fit pump-and-dump/rug-pull patterns — an assessment Pump.fun disputed.
Can Pump.fun keep its edge?
If the flywheel holds
Pump.fun’s August rebound to roughly three-quarters of new Solana launches suggests the core loop — low friction, standardized “graduation” liquidity and trader concentration — is still intact. If buybacks and creator incentives keep reinforcing that cycle, dominance could persist even through slower phases.
If the grip slips
July showed how fast momentum can shift when a rival undercuts fees or attracts deployer bots. The ongoing litigation adds another layer of uncertainty and could trigger changes to listings, disclosures or revenue programs.
Key metrics to watch
Launchpad share (weekly): Track Pump.fun’s share versus rivals across “graduated” tokens and trading volumes. A steady 65%-80% range suggests its moat is holding; consistent drops point to erosion.
Buyback and incentive spend: Monitor weekly buybacks and creator payouts. Sustained and visible support often precedes recoveries in market share.
Fees and graduation policy: Any adjustment to creation or graduation fees — or how liquidity is handled — can quickly alter deployer behavior.
Solana backdrop: Keep an eye on DEX volume and total value locked (TVL). Thinner liquidity reduces post-graduation depth and trader stickiness.
Legal milestones: Follow developments in the consolidated class action. Adverse rulings could limit growth levers or trigger operational changes.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Dogecoin trades at $0.26 with 2.79% daily gains, positioning above all major moving averages as technical indicators signal potential continuation toward $0.29 resistance.
The Setup
DOGE currently trades at $0.26, marking a solid 2.79% gain in the past 24 hours and demonstrating strength above critical technical levels. The meme coin sits 5.6% above its 20-day simple moving average at $0.25, 10.3% above the 50-day SMA at $0.24, and impressively 29% above the 200-day SMA at $0.20.
This positioning above all three major moving averages creates a compelling bullish structure, particularly with the RSI at 58.1 maintaining neutral territory with room for upward movement. The MACD histogram shows bullish momentum at 0.0013, suggesting the recent price action has underlying technical support.
The risk-reward ratio favors long positions with resistance clearly defined at $0.29 and strong support established at the 20-day moving average around $0.25.
Entry Strategy
The optimal entry zone sits between $0.255-$0.26, allowing traders to position near current levels while maintaining proximity to the 20-day moving average support. Confirmation signals include sustained trading above $0.255 with volume exceeding the current 24-hour average of $283 million.
For more conservative entries, traders should wait for a pullback to the $0.25 level, which coincides with the 20-day SMA. This alternative entry provides better risk management while maintaining exposure to the bullish trend structure.
Volume confirmation becomes crucial at these levels, as DOGE requires substantial participation to break through the $0.29 resistance zone effectively.
Risk Management
Stop loss placement should sit below $0.245, approximately 6% below current levels and beneath the 20-day moving average. This positioning accounts for normal market volatility while protecting against trend reversal.
Position sizing should reflect the volatile nature of meme coin trading, with maximum allocation not exceeding 2-3% of total portfolio value. The 24-hour trading range of $0.25-$0.26 demonstrates current volatility parameters.
Maximum acceptable loss per trade should remain below 1% of trading capital, requiring careful position sizing calculations based on the $0.245 stop level.
Profit Targets
The first profit target sits at $0.29, representing approximately 11% upside from current levels. This level has previously acted as resistance and aligns with psychological round number significance.
Should momentum continue beyond $0.29, the second target emerges at $0.31, offering additional 19% potential from current prices. This extended target requires sustained volume and broader market cooperation.
Trailing stop strategy should activate once DOGE reaches $0.28, moving the stop to breakeven. Further adjustments should follow each $0.01 advance, protecting accumulated profits while allowing trend continuation.
The Context
The broader technical picture shows DOGE maintaining bullish momentum without reaching overbought conditions. The RSI at 58.1 provides cushion for additional upward movement, while the MACD bullish signal suggests underlying momentum remains intact.
Current market structure favors risk-on sentiment, providing supportive backdrop for meme coin performance. The significant premium above the 200-day moving average indicates strong medium-term trend establishment.
Trade Summary
Long Setup: Enter DOGE between $0.255-$0.26 with stop loss at $0.245. Target $0.29 for first profit taking, extending to $0.31 with continued momentum. Risk-reward ratio approximately 1:2 on first target.
Setup Invalidation: A close below $0.245 would break the 20-day moving average support and signal potential trend weakness. Volume declining below $200 million daily would also raise concerns about momentum sustainability.
Alternative Scenario: Failed break of $0.29 resistance could trigger pullback toward $0.25 support, offering secondary entry opportunity for patient traders.
For the latest DOGE price updates and Dogecoin analysis, monitor key support and resistance levels mentioned above.
Cryptocurrency investment products recorded their highest-ever inflows last week, as the US government shutdown fueled a rally in spot crypto markets.
Global crypto exchange-traded products (ETPs) recorded $5.95 billion of inflows in the week ending Friday — the largest ever seen — CoinShares reported on Monday.
“We believe this was due to a delayed response to the FOMC [Federal Open Market Committee] interest rate cut, compounded by very weak employment data […], and concerns over US government stability following the shutdown,” CoinShares’ head of research, James Butterfill, said.
The record inflows came amid an overall bullish trend in crypto markets, which led to Bitcoin (BTC) registering a new historic high above $125,000 on Saturday.
Bitcoin ETPs break records
With inflows reaching $5.95 billion, crypto ETPs surpassed the previous $4.4 billion record from mid-July by 35%.
Unlike the previous record inflows, which were almost equally distributed between Bitcoin and Ether (ETH), the latest gains were heavily dominated by BTC, with Bitcoin funds attracting a record-breaking $3.6 billion.
“Despite prices closing in on all-time highs during the week, investors did not choose to buy short investment products,” CoinShares Butterfill noted.
Crypto ETP flows by asset as of Friday (in millions of US dollars). Source: CoinShares
Ether ETPs saw inflows totaling $1.48 billion, pushing year-to-date inflows to another record of $13.7 billion, which was close to triple that of last year, Butterfill said.
Solana (SOL) ETP inflows ranked third at $706.5 million, while XRP (XRP) added $219.4 million, with both setting notable records, according to CoinShares.
In line with the new record for inflows, total assets under management (AUM) in crypto funds surged past $250 billion for the first time, reaching a new high of $254.4 billion.
Vietnam’s Ministry of Finance confirmed that no companies had applied to participate in the country’s five-year digital asset trading pilot despite increasing global interest in regulated crypto markets.
At a Sunday news briefing, Deputy Minister of Finance Nguyen Duc Chi told local media outlets that the ministry has not received any proposals from enterprises seeking to pilot digital asset trading in the country.
“As of now, the ministry has not received any proposals from enterprises,” Chi said, adding that the pilot will allow a maximum of five participants. He also said the ministry is expediting the process so that the first eligible enterprise can be licensed and begin operations as soon as possible.
“We hope to launch this pilot before 2026,” Chi said. “However, the progress will depend on how well enterprises can meet the required conditions.”
Capital demands and asset restrictions slow market response
The lack of applicants highlights the high compliance hurdles and narrow product scope that companies must navigate to qualify. These include heavy capital requirements, strict staffing limitations and restrictions on the crypto products that can be offered.
According to the Ministry of Finance, licensed crypto asset service providers (CASPs) must maintain a minimum capital of at least 10 trillion dong (about $379 million). The amount is comparable to the requirements for full commercial banks and is unlike those of typical financial technology startups.
Other Southeast Asian jurisdictions may be a more viable option for crypto companies. Singapore, Hong Kong and Japan’s non-bank pathways are within the $1 million to $5 million range, offering lighter capital requirements.
In addition to high capital demands, Vietnam is also restricting the issuance of crypto assets backed by fiat currencies or securities. This rules out most stablecoins, including USDT, USDC and a booming class of tokenized securities and money-market funds.
It narrows the product set that could attract retail and institutional interest.
The restrictions come at a time when fiat-backed stablecoins and tokenized treasuries are some of the fastest-growing segments in crypto.
The stablecoin supply recently passed $300 billion, with transfers exceeding $15.6 trillion in the third quarter of 2025. Inflows during the quarter totaled $46 billion, led by Tether’s USDT, Circle’s USDC and Ethena’s synthetic stablecoin USDe.
Tokenized treasuries data. Source: RWA.xyz
Meanwhile, RWA.xyz data showed that tokenized treasuries had climbed above $8 billion, led by BlackRock’s BUIDL fund and Franklin Templeton’s BENJI tokens. This means that institutions may be looking for yield, collateral and faster settlement.
