Altcoin season Watch: ASTER + 40% week, hyperliquid pressure, XPL Perps

The Altcoin season is not defined by a single rally, but by the flows concentrated in the tokens with liquidity and current catalysts. This week, this attention moved to Aster, Hyperliquid and XPL. Everyone attracted traders for various reasons, covering exchange lists, derivative activity and pre-commercial speculation.

The common characteristic is participation. Aster has progressed both thanks to the exhibition list and the rotation of speculative flows.

The hyperliquid remains linked to its derived role but faces the pressure of the challengers. XPL has acquired a place in conversations in Alts-season despite its first, largely because of its presence on the perpetual markets before wide access to the point. Together, they represent the varied ways of the season that Altcoin is expressed at the end of September.

ASTER (ASTER): exchange of access and rotation of whales

Aster is negotiated about $ 1.57, up more than 17 times in last month. The market capitalization is nearly 2.6 billion dollars, with an offer circulating of around 1.66 billion Aster. The volume has accelerated, exceeding $ 1.1 billion in daily sales.

This decision was linked to a wave of announcements and a visible change in market flows. The reports indicate that certain major holders have reduced exposure to hyperliquid and have passed to Aster, suggesting a reassignment of speculative capital.

Analysts highlighted Aster’s structure as a decentralized place for trading spot and perpetual, which supports its liquidity profile. The advance of the token of more than 40% in last week confirms that the announcements and the rotation brought real participation.

For the Altcoin season, Aster shows how speed a new place of derivatives can draw attention when liquidity deepens and traders reposition.

Hyperliquid (hype): the anchor of derivatives draws attention

Hyperliquid is negotiated nearly $ 44, a market capitalization exceeding $ 14 billion and a daily turnover of more than $ 390 million. The supply in circulation is around 336 million media threshing over a billion.

Media prize (Source: Coinmarketcap)

The bracing continues to be one of the most liquid tokens linked to decentralized decentralized decents. Its pairs remain active in all exchanges, and open levels of interest show that it is always strongly used by leverage traders.

However, the token had trouble relying on its previous summits, partly because of increasing competition. Aster’s recent growth has attracted part of the capital that was once concentrated in media threw, and analysts note that the rate of development updates has slowed down compared to competitors.

Despite this, media threshing remains a point of reference for Altes-Sasison flows. When the activity of derivatives develops, it is among the first tokens to see an increased volume, ensuring its place in the current cycle.

XPL: speculative entry by perpetuates

XPL is negotiated nearly $ 1.00, with a market capitalization of almost $ 1.8 billion. Access to the point remains limited, but XPL has been available thanks to perpetual contracts on hyperliquid. This structure gave merchants an early means of speculating before the broad exchanges lists.

Recent sessions included net movements in open interest, liquidations destroy more than $ 100 million in positioning at the end of August.

Despite volatility, XPL continues to attract traders interested in leverage exposure. Its presence on the perpetual markets makes it an unusual case: attention from the Altcoin season of Altcoin before gaining in -depth liquidity.

Outlook of the Altcoin season

Aster, hyperliquid and XPL illustrate the different tracks of the Altcoin season together. Aster shows how new exchanges and whale flows can cause a quick climb.

The hyperliquid demonstrates the continuous importance of derivative tokens, even if the competitors appear. XPL reflects the way perpetual contracts can raise a rotation token before it reaches traditional punctual markets.

The Altcoin season does not move the market evenly. It turns the capital in tokens where liquidity and participation converge. This week, Aster, Hyperliquid and XPL provide this convergence, showing how Alts-Saison continues to evolve through infrastructure, derivatives and speculation.

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