Core Insights - The altcoin season is characterized by a rotation of liquidity into specific tokens rather than a broad rally across the sector, with a focus on infrastructure, derivatives, and gaming platforms [1] - Aethir, Mantle, and Hyperliquid are highlighted as key players in this developing altcoin season, each driven by unique catalysts [1] Aethir (ATH) - Aethir is currently trading near $0.06, with a daily trading volume exceeding $110 million and a market capitalization of approximately $742 million [3] - The circulating supply of Aethir is about 12.2 billion tokens out of a maximum of 42 billion, and the price has increased by around 7% in the past day due to liquidity inflows into centralized exchanges [3][4] - The recent surge in trading activity positions Aethir as a strong candidate for short-term allocations during the altcoin season, benefiting from its role in cloud and gaming infrastructure [4] Mantle (MNT) - Mantle is trading at approximately $1.69, with a market capitalization nearing $5.5 billion and a daily turnover exceeding $500 million [5] - The circulating supply of Mantle is about 3.25 billion tokens, and the price has risen by about 5% in the last 24 hours, continuing a multi-week upward trend from the $1.40 range earlier this quarter [5][6] - The token's strength is attributed to consistent exchange support and its recognition as a Layer-2 scaling solution, making it appealing for traders seeking infrastructure exposure [6] Hyperliquid (HYPE) - Hyperliquid is trading near $43, with a daily volume ranging between $650 million and $700 million and a market capitalization of about $14.5 billion [7] - The circulating supply of Hyperliquid stands at around 336 million tokens out of a maximum of 1 billion, indicating significant trading activity and interest in derivatives [7]