Crypto Market Update: Mantle & Pump.fun Surge While Four Major Tokens Tumble - September 16 Analysis

Digital assets show mixed signals as selective altcoins defy broader market pressure.

Mantle's infrastructure plays and Pump.fun's meme coin mechanics capture trader attention amid sector rotation.

Meanwhile, four established projects face downward pressure as profit-taking hits overextended positions.

Traders pivot toward narratives with actual utility—imagine that in crypto—while legacy finance still can't tell a blockchain from a spreadsheet.

Mantle and Pump.fun Lead the Gainers

Mantle (MNT) led the list of gainers, climbing 5.95% to reach $1.71, with a trading volume of $524.4 million. Then Pump.fun (PUMP), saw the second-highest gain, rising 5.42% to $0.008191 on the back of a $1.31 billion trading volume and recent reports of its native token’s buyback program.

In addition, Monero (XMR) rose by 4.48%, hitting $301.97, supported by a daily volume of $148.64 million. Flare (FLR) made a modest gain of 2.20%, trading at $0.0234, while Story (IP) increased by 1.17% to $9.75.

Four and Bonk Face Heavy Losses

On the losing side, Four (FORM) saw the highest drop of 8.07%, landing at $2.14 with a moderate trading volume of $61.52 million. 

Bonk (BONK) was the second-highest loser with 7.31% to reach a price of $0.000023. Dogecoin (DOGE) also slipped by 7.11%, now sitting at $0.2643, even though it led in trading volume at $6.42 billion.

Additionally, Fartcoin (FARTCOIN) fell 6.95% to $0.8198, while Pepe (PEPE) dropped 5.88% to $0.00001078 closing the top losing tokens today.

CoinMarketCap: Market Overview

The overall market sentiment remained neutral today, as the Fear and Greed Index held at a neutral 51 position. Bitcoin continued to lead with 57.2%, followed by ethereum with 13.7% and other cryptocurrencies with 29.1%. 

Mantle and Pump.fun are climbing higher, while dogecoin and others are losing value, showing a shifting market with growing ups and downs. The Altcoin Season Index soared to 71, a strong signal that traders and investors are shifting their focus to altcoins.  

This trend is further supported by the crypto ETF market, which saw $1.04 billion in net inflows on September 12, following earlier outflows in the month.

There was $1.04 trillion in open interest for perpetual contracts, indicating a high level of Leveraged trading activity. These open positions often contribute to market volatility and sharp price swings.

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