Which Altcoins Could Outperform in 2025: XRP ETFs, PUMP Supply Cuts, or WLFI Backing?

Altseason feels more than a rumor; tokens like Pump.fun are pulling ahead in revenue and buybacks, WLFI is seeing strong volume, and traders are asking which of XRP, PUMP, WLFI, MNT, and ATH have the sharpest upside with risk in view.

Meanwhile, the Altcoin Season index on CoinGlass has surged to the highest level since the beginning of 2025, as more altcoins retest or break above their prior all-time high (ATH).

Pump.fun is having one of its best stretches yet. In the past 24 hours, it pulled in ~$3.38 million in protocol revenue, topping Hyperliquid, and moving into third place behind only Tether and Circle.

It’s also removed over 6.7% of its circulating supply via aggressive buybacks since July. That supply cut will either bring in a positive volume or FOMO from Solana memecoin flows to push its price toward its all-time high (~$0.0088 USD).

Market cap sits around $2.9-3B, FDV ~ $8.1B, giving it leverage but also making steep retractions painful.

Since WLFI began trading, the altcoin has consolidated in a symmetrical triangular pattern. During the past few days, WLFI price has approached the apex of its consolidation, signaling imminent breakout.

With the WLFI token heavily backed by whale institutional investors, a possible upsurge in price discovery is likely to happen. Furthermore, WLFI is backed by Donald Trump and his family.

The Aethir (ATH) token is well-positioned to record an exponential rally in the coming months. The mid-cap altcoin, with a market cap of about $751 million and an FDV of around $136 million, recently rallied to the highest level since President Trump was sworn in earlier this year.

With the ATH token enabling mainstream adoption of Decentralized Physical Infrastructure Network (DePIN) through enterprise-grade GPUs such as NVIDIA H100s, a bull rally towards price discovery is likely to happen before the end of this year.

Mantle (MNT), a mid-cap altcoin with an FDV of $10 billion, has rallied from $0.56 to $1.69 in the past three months. On September 23, MNT price recorded its all-time high of $1.76.

Having broken out of a multi-month falling trend, MNT price is ready for its parabolic phase of the 2025 altseason.

From a technical analysis standpoint, XRP price action during the last few months has closely mirrored its 2017/2028 bull rally. However, XRP’s upside potential rally may be weighed down by its high market capitalization, due to the diminishing returns theory.

The mainstream adoption of XRP by institutional investors, fueled by legal clarity in the United States, has helped the altcoin gain bullish sentiment. For instance, REX Shares that its REX-Osprey XRP ETF (XRPR) will be the first of its kind to launch in the United States later this week.

If you’re a trader looking for upside: