Altcoin frenzy builds: Index jumps 225% in 21 days—Is crypto’s wildest season finally arriving?

The Altcoin Season Index (ASI) experienced a significant rise from 12 to 39 within 21 days, indicating the potential emergence of an altcoin season.

During this period, assets like PENGU led with a gain of 567.3%. Other notable performances included BONK at 183.3%, AAVE at 133.7%, and SEI, which gained 116.4%.

While some investors are optimistic about the potential for an active altcoin season, there remains skepticism regarding its sustainability amid shifting market dynamics.