๐ Crypto Market Weakens: Most of the crypto market moved lower into October, with total market capitalization slipping around 0.30% over the week.
๐ฅ Four altcoins stood out: Pump.fun (PUMP), Aave (AAVE), Worldcoin (WLD), and Sky (SKY) posted strong double-digit weekly gains despite broader market weakness.
๐ฆ Aave Gains on Strong Deposits
๐ฐ AAVE gained around 20%, helped by Aave V4 surpassing $1 billion in user deposits.
๐ Aave V4 also launched on Arc and Base, expanding its lending ecosystem and introducing new borrowing opportunities on Base.
๐ฅ Pump.fun Benefits From Token Burns
๐ PUMP climbed roughly 30% in a week, supported by aggressive token buybacks and burns.
๐ฅ Pump.fun has been directing a significant share of protocol revenue toward PUMP purchases and supply reduction, creating additional scarcity.
๐๏ธ Sky Attracts Institutional Interest
๐ SKY gained around 14%, with rising institutional involvement providing a potential catalyst.
๐ผ Galaxy Digital added $100 million of sUSDS to its treasury, approved it as collateral for institutional trading, and also purchased SKY.
๐ Worldcoin Posts Strong Weekly Gain
๐ Worldcoin (WLD) rose around 15% during the week, although no specific catalyst was identified for the move.
โ ๏ธ Quant Gives Back Part of Its Rally
๐ Quant (QNT) dropped around 7% on Friday amid profit-taking after its huge September rally.
๐ Despite the pullback, QNT remained up approximately 152% over seven days, trading around $252.55.
๐ฎ What Comes Next?
๐ The contrasting performance of these tokens shows that project-specific catalysts can outperform broader market weakness.
โ ๏ธ Traders will closely watch whether early-October selling continues or whether strong altcoins can maintain their momentum.
๐ Bottom Line: Aave, Pump.fun, Worldcoin, and Sky are showing notable strength while the wider crypto market struggles. Quantโs sharp pullback highlights the risks of profit-taking after rapid rallies.
