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Hongji Feng
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Hongji Feng
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Altcoin season has cooled againwith the Altcoin Season Index slipping to 25 after briefly testing high levels last week, and suggests that risk appetite has faded outside a restricted group of liquid names, although some coins still manage to attract activity through clear narratives and active books.
Market depth and turnover remain focused on a limited set of topics, and today those include meme exposure through MemeCore, political speculative interest through OFFICIAL TRUMP, and privacy through Zcash, each offering a different angle on how capital is distributed while Bitcoin holds most of the attention.
Altcoin Season Index (Source: CoinMarketCap)
MemeCore: Meme Token remains active near highs
MemeCore (M) is currently trading around $2.42up about 2.2% in the last 24 hours. Recent data shows a stronger move during the week, with the price still close to the levels reached during its late summer rally.
A mix of community engagement, exchange coverage and technical updates earlier in the year improved transaction reliability and adjusted block rewards, which together helped support a more stable trading environment after very strong growth.
Current flows suggest that MemeCore functions as a liquid meme venue where traders can express speculative opinions without facing the extreme slippage that smaller meme coins often carry.
Order books are showing workable depth in many places with spreads having been relatively tight during recent sessions. That model keeps the token on the watch lists even as the altcoin season index drops lower as it still offers a mix of volatility and execution quality that many short-term strategies prefer.
Trump Official: Political Token Holds Base After Early Moves
OFFICIAL TRUMP ($TRUMP) is now trading near $7.66, with a small daily gain of about 1.1%, but recent weeks have seen much stronger moves related to news around World Liberty Financial and Trump-related businesses.
Price $ TRUMP (Source: CoinMarketCap)
Coverage has been focused on crypto income for the Trump family, new plans to tokenize real estate through World Liberty Financial, and government token activity connected to WLFI, which keep the ecosystem in regular headlines and provide a constant stream of narrative for traders.
The price action today looks more like consolidation rather than acceleration, with the token trading around a base formed after its recent breakthrough.
Volumes remain healthy in major venues, and intraday ranges have narrowed compared to previous peaks, which tends to suggest that positions are being managed rather than abandoned. In this sense, the currency is still like a liquid proxy for political sentiment and for speculation around the financial pile associated with Trump, even on a day when the movement in the price is modest.
Zcash: Privacy Trading Pauses After Sharp Move
Zcash (ZEC) is currently trading near $386, with the price roughly flat in 24 hours, but up about 7.5% during the week and many more in the past month. Recent analysis links that performance to a renewed interest in privacy and the upcoming halving that will reduce block rewards in November.
The intraday consolidation near the highs of the three hundred area fits a pattern where early buyers and short-term traders balance profit against the interest of the longer horizon tied to the narrative of halves.
Liquidity remains firm on major pairs, and spreads have improved compared to the beginning of the month, which makes it easier for larger accounts to manage exposure while waiting to see how supply dynamics will evolve once the new block reward level comes into effect.
What the Latest Dip in the Seasonal Altcoin Index Suggests
With the seasonal altcoin index back to 25, the market is still not offering a broad rally; instead, it continues to reward assets that link price action to identifiable drivers, such as protocol changes, media cycles, or clear token economics.
MemeCore is in the meme segment with ongoing technical and community development, OFFICIAL TRUMP still a political cluster and focused on WLFIand Zcash represents a privacy and halving-driven trade that has drawn in speculative and ideologically motivated holders.
For now, the data points to a market where the altcoin season appears in narrow pockets rather than across the board, and where traders rely on liquidity, narrative clarity and verifiable activity to decide which tokens remain in the spotlight, while the index remains below the levels usually associated with a full rotation.
