BlockBeats：CMC The altcoin season index rose to 64, with the top altcoins accounting for approximately 80%
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AT A GLANCE
The altcoin season index rose to 64 but has not reached the 75 threshold; the report indicates higher fund concentration and more selective market participation.
Article
CMC The altcoin season index rose to 64, with funds becoming more concentrated in projects with revenue
BlockBeats reported that September 28, the altcoin market has recently shown clear signs of rotation, with funds shifting from purely speculative trading toward projects with actual revenue and use cases. Over the past 30 days,PONS rose by more than 350%，UNI rose by over 110%，ARB rose by over 150%，NEAR rose by approximately 180%，ZEC briefly exceeded 1600 USD.
CoinMarketCap data shows that the altcoin season index is currently 64, up significantly from 48 last week, but still below 75, the confirmation threshold for an “altcoin season.” Talos data shows that the 10 largest altcoins by market capitalization currently account for approximately 80%of the total altcoin market capitalization, further concentrated than the approximately 2024 at the end of 70%.
Bankless host David Hoffman said that ARB、UNI、JUP and ONDO, among other tokens that have performed strongly recently, share the characteristic of generating revenue. Samar Sen, head of international markets at Talos, said that current funds are mainly concentrated in yield-bearing protocols, on-chain perpetual futures, and DeFi projects, while sectors such as privacy,AI, tokenized assets, and meme coins have also attracted attention.
Sen said that the current market shows “more selective” participation, with investors allocating funds around specific narratives and ecosystems rather than trading altcoins as a single aggregate.
Original link https://m.theblockbeats.info/flash/369403
Key points
01
CoinMarketCap data shows that the altcoin season index is currently 64, higher than 48 last week, but below 75, the confirmation threshold for an “altcoin season.”
02
Talos data shows that the 10 largest altcoins account for approximately 80%，2024, compared with approximately 70%。
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reported that over the past 30 days PONS rose by more than 350%、UNI rose by over 110%、ARB rose by over 150%、NEAR rose by approximately 180%。
04
reported that ZEC briefly exceeded last week 1600 USD。
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David Hoffman said that ARB、UNI、JUP and ONDO among other tokens that have performed strongly recently, can generate revenue.
06
Samar Sen said that current funds are mainly concentrated in yield-bearing protocols, on-chain perpetual futures, and DeFi projects, while privacy,AI, tokenized assets, and meme coins have also attracted attention.
07
Samar Sen said that market participation is “more selective,” with investors allocating funds around specific narratives and ecosystems rather than trading altcoins as a single aggregate.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The index rose from 48 to 64, indicating that the metric used in the report increased, but under the standard described in the article, entry into “altcoin season” cannot yet be confirmed. Meanwhile, the top altcoins account for approximately 80%of market capitalization, meaning that market share is more concentrated among a small number of large assets. The statements about fund preferences and token revenue characteristics reflect interviewees’ views and do not constitute verified investment conclusions.
Why it matters to readers
Changes in the index can be used to observe the altcoin market’s relative performance, while market capitalization concentration and the sectors attracting attention indicate whether funds are broadly dispersed. The current material shows that the index rose at the same time as concentration increased; therefore, gains in individual tokens cannot directly represent broad-based strength across all altcoins.
Beginners should distinguish among the market index, individual token gains, and interviewees’ views: the index 64 still has not reached the 75 threshold mentioned in the article, and historical gains cannot prove future performance.
Risks and unknowns
The material is a report by BlockBeats relaying CoinMarketCap and Talos data and interviewees’ views. It does not include the original data pages, so it cannot be independently verified.
The article does not specify the exact start and end prices, statistical methodology, or data sources for the gains of each token.
Related Developments
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“Funds are shifting from purely speculative trading toward projects with actual revenue and use cases,” but this lacks direct supporting data on capital flows.
The definition of a token being “revenue-generating,” the scale of its revenue, and the relationship between revenue and token holders are not explained.
The evidence text only states “September 28” and does not specify a year.
The material does not state whether the index will continue to rise, whether the trend of capital concentration will persist, or how the prices of the relevant tokens will perform subsequently.
Related concepts
Altcoin season index
This term is not in the glossary yet. Browse related concepts in the glossary.
