TL;DR
- The Altcoin Season Index (at 26) remains low, indicating a selective market that does not favor general euphoria.
- FLOKI surged 28% after a mention from Elon Musk, demonstrating the power of immediate social momentum.
- Dash and FET are advancing due to technical factors and sectoral rotation (AI), not a broad market rally.
Although Altcoin Season speculation is resurfacing, market data shows a picture of extreme selectivity rather than a widespread rally. The “Altcoin Season Index” recovered slightly to 26 over the weekend after falling to 24. This figure, far below the threshold for an “altseason,” indicates thin participation and a concentrated appetite for risk.
In this low-liquidity context, the October market is not rewarding general enthusiasm, but rather clear catalysts, visible depth, and immediate narratives. Three recent moves stand out, each for different reasons, and offer a clear read on the current investor mentality: FLOKI (social momentum), Dash (technical volume), and FET (sectoral rotation).
FLOKI, Dash, and FET: The Market’s Selective Impulses
The most explosive move came from FLOKI, which spiked 28% in just five hours, trading near $0.000087. Reported volume increased by more than 600%. The driver was straightforward: a new post from Elon Musk promoting FLOKI with an AI-generated video, which immediately attracted momentum traders.
In contrast, Dash (DASH) showed a quiet advance against the market trend. Trading around $45, it rose 8% in 24 hours, outperforming most of its large-cap peers. This move is attributed to increased trading volume (turnover) on regional exchanges and short covering, rather than new speculative inflows.
On the other hand, the Artificial Superintelligence Alliance (FET) saw renewed interest. Trading near $0.29 with a 108% volume increase, FET benefited from capital rotation into the Artificial Intelligence sector, a common pattern when Bitcoin and Ethereum show relief.
These isolated movements confirm that Altcoin Season speculation is limited to pockets of activity. The current market favors patience and confirmation-based entries, as without new catalysts, these rallies risk fading as quickly as they began.
