Binance Founder Indicates ‘FOMO Season Approaching’ as Altcoin Index Begins to Rise

Changpeng “CZ” Zhao, the founder of Binance, has noted that CoinMarketCap’s Altcoin Season Index is beginning to rise, suggesting that an altcoin surge may be on the horizon.

Key Takeaways:

• Binance’s CZ indicates that the Altcoin Season Index is increasing, implying a potential FOMO-driven surge.
• The index has risen to 51, up from 16 last month, indicating growing momentum towards altcoins.
• Ethereum and meme coins are leading the gains, reflecting previous cycles where altcoins outperformed Bitcoin.

“Not sure how accurate it is, but it is ticking up. FOMO season soon…” Zhao shared on X, referring to the index that measures whether altcoins are surpassing Bitcoin over a 90-day timeframe.

This remark comes as Bitcoin’s dominance rate continues to decline, suggesting that traders are increasingly shifting their attention to the wider cryptocurrency market.

Altcoin Season Index Rises to 51, Up from 16 Last Month

The Altcoin Season Index, managed by CoinMarketCap, currently stands at 51 out of 100, an increase from 38 last week and just 16 a month prior.

A score above 75 signifies an official “Altcoin Season,” where at least 75 of the top 100 altcoins outperform Bitcoin over the preceding 90 days.

While 51 does not meet that benchmark, the upward trend indicates a growing market rotation towards non-Bitcoin assets.

Historically, these cycles follow a recognizable pattern: Bitcoin rallies first, enhancing overall sentiment and liquidity.

Subsequently, Ethereum and other altcoins gain traction, driven by narrative-based speculation, new protocol launches, and heightened developer engagement.

During the 2021 altcoin season, for example, leading altcoins recorded gains exceeding 170%, in contrast to Bitcoin’s 2% during the same timeframe.

Current statistics support this trend. Ethereum has increased by 110% over the last 90 days, while meme coins such as BONK (+148.7%) and FLOKI (+119.1%) have experienced significant rises.

Even smaller-cap projects like PENGU and M have shown gains surpassing 500%, according to CoinMarketCap’s 90-day performance chart.

The index’s methodology excludes stablecoins and wrapped tokens, focusing instead on price performance among the top 100 coins listed on CoinMarketCap.

The objective is to assist investors in assessing shifts in market sentiment between Bitcoin-centric periods and broader altcoin rallies.

Bitcoin Dominance Declines Sharply

Bitcoin’s dominance within the cryptocurrency market has sharply decreased, falling 5.8% in just one week to below 61%, marking its lowest level since March and the most significant drop since June 2022.

This metric had reached nearly 66% at the end of the previous month, as per TradingView.

The decline in dominance coincides with a rise in total cryptocurrency market capitalization, which has surged from $3 trillion to approximately $3.8 trillion over the past three weeks.

Altcoins, especially Ethereum, have spearheaded the rally as investors redirect their focus away from Bitcoin.

“Everyone is saying ALTSEASON has started but if you look at indicators they say ~ Not yet,” X user Henry remarked in a recent post.

They noted that none of the 30 bull market top indicators have activated yet, with Bitcoin dominance at 61%, the Altcoin Season Index at 51, and key metrics like Puell, MVRV Z-Score, and Mayer Multiple remaining in safe zones.

Everyone is saying ALTSEASON has started but if you look at indicators they say ~ Not yet.
Out of 30 bull market top indicators, not a single one has triggered.
• Bitcoin dominance is still high at 61%
• Altcoin Season Index is sitting at 51/100 (needs to hit 75+)
• Puell,… pic.twitter.com/NU92VlpWZN

— Henry (@LordOfAlts) July 21, 2025

The article titled Billionaire Binance Founder Says ‘FOMO Season Soon’ as Altcoin Index Starts Ticking Up appeared first on Cryptonews.