Altcoin markets are heating up as the Altcoin Index climbed to 40, hitting a three-month high amid a surge in activity around Chinese-themed memecoins. The rally has been broad-based, with several major alternatives showing impressive gains.

Leading the charge among established alts, $POL surged 17%, followed by $JASMY with an 8% climb and $SYRUP posting a 5% gain. The momentum extended across newer tokens, where we saw even more dramatic moves: one Chinese memecoin token jumped 498%, while $OORT added 63%, $CLO climbed 40%, $WMTX gained 34%, and $LMWR picked up 31%.

With the Altcoin Index at 40/100, traders are closely watching whether this momentum can sustain or if we're looking at a temporary spike in risk appetite. The diversity of gainers—from large-cap alts to emerging tokens—suggests broad participation rather than isolated rallies.