Altcoin Season Surges as Index Hits Highest Level Since 2024

• Altcoin season index hits 76, its highest in 9 months.
• MYX tops 100 tokens on speculation of short squeeze.

Altcoin season is back in full swing, with the index surging above 76 points on September 11, 2025, signaling new speculative momentum across the crypto market. This marks the highest level reached since December 2024, indicating trends that reflect a multifaceted shift in market behavior: steady gains by blue-chip altcoins such as Ethereum and speculative spikes among lesser-known tokens.

Ethereum, Solana, and Binance Coin have anchored the market with consistent growth. Ethereum is holding steady at $4,300, Solana has regained the $225 level, and Binance Coin is trading near its all-time high above $900. These robust performances contribute to the foundational stability that underpins the broader altcoin growth narrative during this period.

Meanwhile, niche tokens are stirring significant excitement with selective, high-risk surges. MYX Finance is drawing heightened attention following an extraordinary rise from $0.08 at its launch in May to a peak of $26.75. Market observers note trader suspicion around MYX’s sharp incline, pointing to a likely coordinated short squeeze that casts doubt on its sustainability. Other tokens, including Ethernity Chain, Naoris Protocol, and Elastos, have also seen dramatic, hype-driven price spikes.

Despite this breakout activity, the altcoin season remains unevenly distributed. While certain tokens experience sharp upward movements, many coins from previous cycles are continuing to lag far behind their historical highs. This imbalance suggests traders are prioritizing short-term, project-specific gains rather than driving a broad-based market rally. The divergent strategies—balanced by stable foundational assets and speculative excitement—characterize this latest altcoin market phase.

As of September 11, 2025, 16:08 UTC, MYX Finance (MYX) is trading at $14.298, reflecting a 12.525% decrease over the past 24 hours. Trading volume for MYX has dropped by 30.018% within the same timeframe, showing early signs of cooling activity.