HYPE, PUMP, and CFX lead the pump of August alts, has a new cycle of capital rotation started?

Although the altcoin season index has not yet broken the classic threshold of 75 points, the market has once again focused on some active and liquid alts at the beginning of August. Hyperliquid (HYPE), PumpFun (PUMP), and Conflux (CFX) have become the three major topics of discussion among traders. With Bitcoin's dominance maintaining above 60%, does the selective rise of these tokens indicate that the fund rotation trend has arrived?

Hyperliquid (HYPE): The New Favorite in On-Chain Derivative Racing

HYPE has shown steady performance recently, with a price of about 38 USD and a market cap of 12.9 billion USD, with daily trading volume close to 200 million USD. Although it is still down 23% from the July high of 49.86 USD, its Layer-1 infrastructure and innovative mechanisms such as a fully on-chain order book and zero Gas perpetual contracts continue to attract derivatives traders to participate.

HYPE not only supports governance, fee rebates, and trading rewards, but is also regarded as an important target in the capital rotation of altseason due to its stable user base and active on-chain activities. Although some analysts question whether its short-term pump can continue, HYPE's infrastructure advantages and liquidity remain attractive.

PumpFun (PUMP): A Representative of Solana Ecosystem Meme Liquidity

The native Token of PumpFun, PUMP, is priced at approximately $0.003, with a market capitalization of $1.05 billion and a 24-hour trading volume exceeding $390 million. Although it has fallen 75% from the July peak, the Liquidity remains strong. The PumpFun platform supports the issuance of thousands of meme coins and conducts buybacks through platform revenue to provide market support for PUMP.

The core value of PUMP lies not in deep applications, but as a trading energy hub of the Solana meme ecosystem. For short-term speculators, PUMP demonstrates how meme-driven tokens of real liquidity pools attract funds for rapid rotation.

Conflux (CFX): Strengthening Against the Trend Under Infrastructure Empowerment

CFX is currently priced at approximately $0.21, with a market capitalization of $1.09 billion and a 24-hour trading volume reaching $268 million, with a circulating supply slightly above 5.1 billion coins. As a Layer-1 smart contract public chain compatible with the Ethereum Virtual Machine, Conflux features a hybrid tree-graph consensus, low-fee sponsored Gas model, and a diverse range of applications such as DeFi, staking, and cross-chain bridges.

In the past week, CFX has clearly outperformed its peers, reflecting that some funds are shifting from mainstream coins to potential projects with infrastructure advantages.

Altcoin sentiment is cautious, rotation is becoming more refined

According to the latest data, the altcoin quarterly index has only slightly risen to 44, indicating that Bitcoin still outperforms most altcoins. However, the impressive performance of HYPE, PumpFun, and CFX shows that when market liquidity and activity are concentrated in a few popular sectors, funds tend to selectively enter tokens that have ecological, meme culture, or technical foundations.

This wave of market movement resembles a "small altcoin season" — not a full-blown explosion, but precise rotation. Hyperliquid, PumpFun, and Conflux represent the three major directions of on-chain derivatives, meme coin liquidity, and infrastructure respectively, providing diversified options for fund allocation in August.

Conclusion

Although the overall altcoin market has not yet ushered in a comprehensive bull market, HYPE, PUMP, and CFX have led the charge, becoming the barometer for fund rotation in August. For traders seeking short-term opportunities, selecting tokens with strong liquidity, active ecosystems, or infrastructure advantages may become the biggest beneficiaries of the new round of rotation trends. It is recommended to closely monitor the trading volume and on-chain dynamics of these three major targets to seize the investment opportunities brought by the refined rotation.