The main reason these cryptocurrencies (C98, CHESS, GPS, PARTITI/PARTI, THE – possibly a local ticker or error, and ZAMA) appear as winners in that Binance exchange with strong increases in the last 24 hours, while Bitcoin (BTC) and most of the market decline or remain weak, is a classic phenomenon in crypto: capital rotation and independent pumps in specific altcoins.
### What is happening with each one?
- C98 (Coin98): It is one of the biggest global winners today, with reported increases between +25% and +35% in 24h across various sources (CoinGecko, CoinMarketCap, etc.). There is high trading volume (over $50M on some exchanges), indicating strong speculative interest or a possible recent pump. Coin98 is a popular wallet/multi-chain, and these pumps usually come from hype on networks or listings/updates.
- CHESS (Tranchess): Rising +10-20% approx., also with high volume. It is a DeFi protocol on the BNB Chain, and these sectors sometimes rotate independently when liquidity moves towards yield farming or derivatives.
- GPS (GoPlus Security): Appears on gainers lists with +5-10% or more at times. It is a blockchain security token (audits, risk detection), and tends to have pumps when there are news of vulnerabilities in other projects or adoption in DeFi.
- PARTITI / PARTI (Particle Network): Strongly rising (**+20%+** in several sources). It is a chain abstraction / modular project, with good recent momentum due to developments in Web3 infrastructure.
- ZAMA: New or recently launched token, with massive volume and moderate rises (+1-4%), but in the context of post-launch hype or listings.
- THE: Does not clearly match a large global token; it could be a local ticker, meme, or display error (perhaps "THE" as in some Colombian ecosystem or small token).
### Why do they rise while BTC falls?
This is common in crypto markets and is explained by several factors:
1. Temporary decoupling: Not all altcoins follow BTC 100%. When BTC falls or is sideways, money "rotates" towards altcoins with strong narratives, specific news, or volume-driven pumps (speculation, whales, communities). These tokens have low relative capitalization → easier to move with less capital.
2. Speculation and local FOMO: In exchanges with a "Popular/Winners" section (as your capture seems to show, possibly Binance or a local Colombian app), these tokens are highlighted → attracting more retail buyers looking for "winners of the day", creating a cycle of rapid (and risky) rises.
3. Low correlation in short pumps: Many of these are mid/low cap altcoins with DeFi narratives, security, infrastructure, that attract liquidity when the overall market is weak. BTC dominates 50-60% of the market cap, so its decline drags down overall sentiment, but does not prevent isolated pumps.
4. Volume and possible manipulation: High volume in C98, GPS, etc., indicates that there are concentrated traders pushing prices (not necessarily bad, but volatile).
In summary: it is a rotation of capital towards altcoins with their own momentum, not a "general bull market". These pumps can last hours or days, but can also reverse quickly when the hype ends or BTC falls harder.
Caution: These movements are very speculative and volatile. Many of these tokens can correct just as quickly. It is not a sign that the entire market is bullish; BTC remains king and its direction greatly influences the medium term. If you are investing, research each project and manage risk. Are you already taking positions in LONG or SHORT?
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