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Which coins have decoupled from ETH?

Return correlation of the top 200 coins with ETH, compared with each coin’s own annual norm — who moves on their own, and who rises while the market falls.

Last closed candle: 8 oct. 2026, 08:00 UTC 195 of 200 coins have fresh data, 139 with a full annual norm

Verdict · 30 days 22 coins have decoupled from ETH ETH over 30 days +2.5%
Decoupled 22 26 starting to decouple
Beating ETH 135 / 195 Coins with a higher return than the benchmark
Herd Index 0.49 ▲ 0.02 Coins partly follow ETH
ETH ↔ BTC 0.84 Correlation of the two benchmarks

Decoupling map

Each coin is placed by how closely its returns follow ETH (left — more independent) and by its return relative to ETH (up — ahead). The dashed line is the Herd median; select a coin to see how far it moved from its usual level.

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Herd median Shift from own norm
Return vs ETH, pp ↑
← independent · Return correlation with ETH · in step →
60 of 195 coins on the map; all are in the table.
Returns over the window, both from 0% SANDETH
Rolling correlation vs own norm CorrelationOwn annual norm
Recorded decoupling periods
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Moving on their own

Confirmed decouplings with the highest priority: rare for the coin, low in absolute terms and recent.

The Sandbox

SAND / ETH
94/100
+77.6 pp

SAND +80.1% · ETH +2.5%

Correlation
0.27
Usual
0.74
Δ
−0.47
Show on the map →

Stacks

STX / ETH
79/100
+39.9 pp

STX +42.4% · ETH +2.5%

Correlation
0.29
Usual
0.72
Δ
−0.43
Show on the map →

Quant

QNT / ETH
73/100
+251.1 pp

QNT +253.7% · ETH +2.5%

Correlation
0.12
Usual
0.52
Δ
−0.40
Show on the map →

LayerZero

ZRO / ETH
77/100
+77.4 pp

ZRO +79.9% · ETH +2.5%

Correlation
0.24
Usual
0.51
Δ
−0.27
Show on the map →

Strongest against ETH

ETH returned +2.5% over the window; these coins did best relative to it.

  1. QNT +251.1 pp
  2. BTW +206.0 pp
  3. MET +140.1 pp
  4. DRV +132.1 pp
  5. RAY +126.0 pp
  6. NEAR +120.3 pp

Starting to decouple

Current correlation (marker) against the coin’s usual level (tick). Score combines rarity, level and speed of the drop.

  1. STRK 0.31 / 0.60 85/100
  2. ALGO 0.42 / 0.61 66/100
  3. BAT 0.44 / 0.54 66/100
  4. SEI 0.49 / 0.69 64/100
  5. BCH 0.41 / 0.60 64/100
  6. KAIA 0.46 / 0.64 63/100

Back with the market

Recently completed periods and the coin’s return relative to the benchmark during them.

  1. No completed periods recorded yet.
Periods
0
Avg. days
—
Avg. relative
—

How much of the market moves together?

Median correlation of 99 eligible top-100 coins with ETH. Below 0.45 the market moves more independently than usual.

Herd Index 0.49 ETH ↔ BTC 0.84 Low-herd threshold

Compare every coin

195 coins with fresh data. Sort by any column; select a row to inspect it on the map.

Compare every coin
Coin Correlation Usual Δ vs ETH, pp Coin return Beta R² Stage Score Correlation trend
SANDThe Sandbox 0.27 0.74 −0.47 +77.6 +80.1% 1.19 0.07 Decoupled · 6 d 94
STXStacks 0.29 0.72 −0.43 +39.9 +42.4% 0.74 0.08 Decoupled · 5 d 79
QNTQuant 0.12 0.52 −0.40 +251.1 +253.7% 0.69 0.01 Decoupled · 6 d 73
ZROLayerZero 0.24 0.51 −0.27 +77.4 +79.9% 0.85 0.06 Decoupled · 6 d 77
STRKStarknet 0.31 0.60 −0.29 +91.6 +94.2% 1.24 0.10 Starting to decouple 85
ENAEthena 0.46 0.69 −0.24 +32.5 +35.1% 1.30 0.21 Decoupled · 4 d 64
SOONSOON 0.10 0.29 −0.20 +72.8 +75.3% 0.40 0.01 Decoupled · 6 d 72
HBARHedera 0.46 0.73 −0.28 +15.2 +17.8% 1.19 0.21 Decoupled · 6 d 64
ALGOAlgorand 0.42 0.61 −0.20 +33.0 +35.5% 1.09 0.17 Starting to decouple 66
GRTThe Graph 0.44 0.71 −0.27 +42.2 +44.7% 1.30 0.19 Decoupled · 6 d 65
ARArweave 0.39 0.58 −0.20 +41.2 +43.7% 1.27 0.15 Decoupled · 6 d 66
GRASSGrass 0.20 0.41 −0.20 +78.2 +80.7% 0.76 0.04 Decoupled · 6 d 70
NMRNumeraire 0.11 0.44 −0.33 +45.6 +48.1% 0.46 0.01 Decoupled · 2 d 82
NEARNEAR Protocol 0.48 0.63 −0.15 +120.3 +122.8% 1.68 0.23 Starting to decouple 58
SUISui 0.59 0.78 −0.19 +35.3 +37.8% 1.53 0.35 Starting to decouple 58
ONDOOndo 0.49 0.78 −0.29 +25.5 +28.1% 1.39 0.24 Starting to decouple 57
SEISei 0.49 0.69 −0.20 +39.0 +41.5% 1.13 0.24 Starting to decouple 64
KMNOKamino 0.28 0.48 −0.20 +48.3 +50.8% 0.76 0.08 Decoupled · 6 d 60
FILFilecoin 0.44 0.64 −0.21 +22.7 +25.3% 1.28 0.19 Starting to decouple 58
APTAptos 0.44 0.69 −0.24 +18.4 +21.0% 1.24 0.20 Starting to decouple 62
RAYRaydium 0.38 0.75 −0.37 +126.0 +128.5% 1.45 0.14 Starting to decouple 61
WWormhole 0.45 0.65 −0.20 +55.0 +57.5% 1.26 0.20 Decoupled · today 73
BCHBitcoin Cash 0.41 0.60 −0.19 +12.8 +15.3% 0.97 0.17 Starting to decouple 64
PEPEPepe 0.48 0.74 −0.26 +9.1 +11.6% 1.29 0.23 Decoupled · 4 d 68
KAIAKaia 0.46 0.64 −0.18 +22.7 +25.2% 0.92 0.21 Starting to decouple 63
BEAMBeam 0.37 0.69 −0.31 +54.2 +56.7% 0.96 0.14 Decoupled · today 70
BATBasic Attention Token 0.44 0.54 −0.10 +34.2 +36.8% 1.06 0.19 Starting to decouple 66
LTCLitecoin 0.47 0.76 −0.29 +13.1 +15.7% 0.87 0.22 Starting to decouple 60
AVAXAvalanche 0.61 0.81 −0.20 +30.9 +33.5% 1.49 0.37 Moving together 47
MANADecentraland 0.44 0.71 −0.26 +28.0 +30.5% 1.10 0.20 Starting to decouple 61
WLFIWorld Liberty Financial 0.21 0.50 −0.29 −3.2 −0.7% 0.27 0.04 Decoupled · 4 d 71
VVVVenice Token 0.37 0.43 −0.06 +29.1 +31.7% 1.54 0.13 Moving together 47
JASMYJasmyCoin 0.43 0.64 −0.20 +12.1 +14.6% 1.05 0.19 Decoupled · 6 d 61
EGLDMultiversX 0.29 0.68 −0.39 −14.5 −12.0% 0.74 0.08 Decoupled · 6 d 64
TRXTRON 0.21 0.37 −0.17 −3.4 −0.9% 0.08 0.04 Decoupled · 4 d 61
IOTAIOTA 0.54 0.67 −0.13 +24.6 +27.1% 1.17 0.29 Starting to decouple 51
ZBCNZebec Network 0.35 0.42 −0.07 +28.4 +31.0% 1.00 0.12 Starting to decouple 51
RENDERRender 0.62 0.69 −0.08 +29.1 +31.6% 1.32 0.38 Moving together 42
SPXSPX6900 0.63 0.74 −0.11 −31.5 −29.0% 1.56 0.40 Moving together 46
SSonic 0.45 0.67 −0.22 +29.3 +31.8% 1.31 0.20 Starting to decouple 57
JUPJupiter 0.59 0.71 −0.12 +50.2 +52.8% 1.53 0.34 Moving together 39
ETHFIether.fi 0.58 0.71 −0.12 +22.1 +24.6% 1.77 0.34 Moving together 40
IMXImmutable 0.54 0.67 −0.13 +28.8 +31.3% 1.33 0.30 Moving together 44
FETArtificial Superintelligence Alliance 0.57 0.61 −0.04 +24.1 +26.6% 1.55 0.32 Moving together 39
RUNETHORChain 0.55 0.73 −0.17 +44.2 +46.7% 1.14 0.31 Moving together 45
ARBArbitrum 0.44 0.74 −0.30 +2.5 +5.1% 1.58 0.19 Decoupled · 6 d 58
KCSKuCoin Token 0.58 0.74 −0.16 +6.4 +9.0% 0.48 0.34 Starting to decouple 60
PYTHPyth Network 0.52 0.66 −0.14 +40.8 +43.4% 1.38 0.28 Moving together 38
FLUIDFluid 0.47 0.50 −0.03 +52.3 +54.8% 1.23 0.22 Moving together 46
DEEPDeepBook Protocol 0.53 0.69 −0.16 +30.4 +32.9% 1.42 0.28 Moving together 49
AAVEAave 0.65 0.76 −0.11 +28.9 +31.5% 1.32 0.43 Moving together 28
INJInjective 0.48 0.64 −0.16 +14.9 +17.4% 1.25 0.23 Moving together 43
AXSAxie Infinity 0.48 0.58 −0.10 +23.4 +25.9% 1.13 0.23 Moving together 42
SUPERSuperVerse 0.45 0.56 −0.11 +86.2 +88.8% 1.22 0.20 Moving together 43
PLUMEPlume 0.45 0.54 −0.10 +31.6 +34.2% 1.17 0.20 Moving together 45
GALAGala 0.52 0.72 −0.20 +19.4 +21.9% 1.33 0.27 Moving together 47
WLDWorldcoin 0.45 0.58 −0.13 +8.2 +10.7% 1.36 0.20 Starting to decouple 50
JTOJito 0.45 0.51 −0.05 +24.1 +26.6% 1.23 0.21 Moving together 36
OPOptimism 0.54 0.71 −0.17 +11.0 +13.5% 1.46 0.29 Starting to decouple 52
ADACardano 0.70 0.80 −0.10 +12.2 +14.7% 1.39 0.49 Moving together 37
USELESSUseless Coin 0.49 0.54 −0.05 −28.7 −26.2% 2.48 0.24 Moving together 36
TELTelcoin 0.37 0.53 −0.16 +3.4 +6.0% 1.16 0.13 Decoupled · 1 d 67
AVaulta 0.55 0.66 −0.12 +17.8 +20.3% 1.07 0.30 Moving together 42
ORCAOrca 0.43 0.51 −0.08 +84.2 +86.7% 1.21 0.19 Moving together 38
TIACelestia 0.55 0.67 −0.11 +13.1 +15.6% 1.50 0.30 Moving together 41
FORMFour 0.38 0.42 −0.04 −15.3 −12.7% 1.17 0.14 Decoupled · 6 d 40
DRVDerive 0.24 0.34 −0.10 +132.1 +134.6% 1.24 0.06 Moving together 42
UNIUniswap 0.56 0.67 −0.11 +8.1 +10.7% 1.52 0.32 Moving together 40
DOTPolkadot 0.47 0.71 −0.24 −0.1 +2.4% 1.10 0.22 Starting to decouple 56
CRVCurve DAO Token 0.45 0.72 −0.26 +4.5 +7.0% 1.08 0.20 Starting to decouple 51
PENGUPudgy Penguins 0.56 0.78 −0.22 +1.3 +3.8% 1.39 0.31 Starting to decouple 58
XMRMonero 0.32 0.32 −0.01 +6.6 +9.2% 0.51 0.10 Moving together 37
KASKaspa 0.52 0.62 −0.09 +11.2 +13.8% 1.20 0.27 Moving together 34
ZKZKsync 0.49 0.60 −0.11 +15.8 +18.3% 1.29 0.24 Moving together 40
ZRX0x Protocol 0.47 0.65 −0.18 +14.4 +16.9% 0.92 0.22 Moving together 44
LEOUNUS SED LEO 0.16 0.10 +0.05 −6.1 −3.6% 0.08 0.02 Moving together 36
OKBOKB 0.57 0.66 −0.09 +5.4 +8.0% 0.68 0.33 Moving together 40
CAKEPancakeSwap 0.54 0.69 −0.14 −5.6 −3.0% 0.93 0.30 Moving together 44
DASHDash 0.50 0.51 −0.01 −18.0 −15.5% 1.29 0.25 Moving together 20
LDOLido DAO 0.57 0.75 −0.18 +9.8 +12.3% 1.43 0.33 Moving together 38
BTCBitcoin 0.84 0.89 −0.05 +2.7 +5.2% 0.63 0.70 Moving together 39
DOGEDogecoin 0.74 0.81 −0.07 −5.2 −2.7% 1.17 0.55 Moving together 36
PIPi 0.49 0.47 +0.02 −17.6 −15.1% 0.61 0.24 Moving together 19
GNOGnosis 0.51 0.71 −0.20 −0.7 +1.9% 0.42 0.26 Starting to decouple 54
SOLSolana 0.83 0.87 −0.04 +7.5 +10.0% 1.04 0.69 Moving together 27
PAXGPAX Gold 0.34 0.33 +0.01 −8.8 −6.3% 0.15 0.12 Moving together 29
ETCEthereum Classic 0.62 0.74 −0.12 +1.3 +3.8% 1.24 0.39 Moving together 45
BSVBitcoin SV 0.46 0.49 −0.04 +10.3 +12.8% 1.08 0.21 Moving together 33
PENDLEPendle 0.53 0.70 −0.17 −1.2 +1.3% 1.27 0.28 Starting to decouple 50
BBUILDon 0.27 0.14 +0.13 −14.9 −12.4% 0.73 0.07 Moving together 30
HHumanity 0.09 0.08 +0.01 −16.0 −13.5% 0.26 0.01 Moving together 30
GLMGolem 0.44 0.54 −0.10 +10.9 +13.4% 0.82 0.19 Moving together 41
LINKChainlink 0.76 0.91 −0.15 +1.5 +4.1% 1.29 0.58 Moving together 38
VETVeChain 0.55 0.72 −0.17 −1.6 +0.9% 1.29 0.30 Moving together 45
TRUMPOFFICIAL TRUMP 0.61 0.54 +0.07 −20.6 −18.1% 1.33 0.37 Moving together 11
BONKBonk 0.55 0.77 −0.21 +8.1 +10.6% 1.37 0.31 Moving together 37
XRPXRP 0.74 0.81 −0.07 −2.3 +0.2% 1.15 0.54 Moving together 33
CROCronos 0.58 0.71 −0.13 +2.0 +4.6% 1.07 0.34 Moving together 37
MNTMantle 0.61 0.63 −0.03 −11.1 −8.6% 0.99 0.37 Moving together 20
COMPCompound 0.45 0.50 −0.05 +9.6 +12.1% 0.84 0.20 Moving together 33
MINAMina 0.37 0.55 −0.18 −3.1 −0.6% 1.47 0.14 Starting to decouple 53
XDCXDC Network 0.40 0.39 +0.01 +10.0 +12.6% 0.67 0.16 Moving together 24
PEAQpeaq 0.48 0.41 +0.07 +39.5 +42.0% 1.58 0.23 Moving together 19
XLMStellar 0.68 0.76 −0.08 +2.6 +5.1% 1.29 0.46 Moving together 28
ATOMCosmos 0.53 0.59 −0.06 +3.8 +6.3% 1.04 0.28 Moving together 32
NEONeo 0.57 0.68 −0.11 +7.7 +10.3% 1.02 0.32 Moving together 35
RSRReserve Rights 0.53 0.65 −0.12 +5.4 +7.9% 1.16 0.28 Moving together 44
ZECZcash 0.49 0.52 −0.03 +1.8 +4.4% 1.35 0.24 Moving together 28
POLPolygon (prev. MATIC) 0.56 0.63 −0.07 +1.9 +4.4% 1.12 0.31 Moving together 33
SHIBShiba Inu 0.74 0.78 −0.04 −3.0 −0.5% 1.24 0.54 Moving together 24
CVXConvex Finance 0.57 0.69 −0.12 −1.4 +1.2% 1.33 0.32 Moving together 40
TWTTrust Wallet Token 0.53 0.57 −0.04 −11.0 −8.4% 0.83 0.28 Moving together 22
ICPInternet Computer 0.49 0.58 −0.09 +1.2 +3.7% 1.08 0.24 Moving together 29
VIRTUALVirtuals Protocol 0.62 0.72 −0.10 +1.8 +4.3% 1.46 0.38 Moving together 31
SYRUPMaple Finance 0.52 0.58 −0.06 −5.6 −3.1% 1.17 0.27 Moving together 28
WIFdogwifhat 0.59 0.70 −0.11 −0.4 +2.1% 1.51 0.35 Moving together 39
APEApeCoin 0.50 0.64 −0.13 −0.1 +2.5% 1.04 0.25 Moving together 43
DYDXdYdX 0.54 0.60 −0.06 +8.7 +11.3% 1.30 0.29 Moving together 29
TAOBittensor 0.62 0.61 +0.00 +7.8 +10.3% 1.41 0.38 Moving together 11
BGBBitget Token 0.53 0.50 +0.03 −6.2 −3.6% 0.58 0.28 Moving together 16
ENSEthereum Name Service 0.74 0.78 −0.05 +5.2 +7.7% 1.45 0.55 Moving together 26
FLOKIFLOKI 0.67 0.76 −0.08 +1.0 +3.5% 1.39 0.45 Moving together 35
DEXEDeXe 0.41 0.15 +0.25 −9.0 −6.5% 0.54 0.17 Moving together 24
AWEAWE 0.30 0.33 −0.03 +1.8 +4.3% 0.53 0.09 Moving together 39
FLRFlare 0.59 0.61 −0.02 +3.4 +5.9% 0.76 0.35 Moving together 22
BDXBeldex 0.11 0.06 +0.05 −7.5 −5.0% 0.08 0.01 Moving together 30
CHZChiliz 0.52 0.55 −0.03 +6.4 +9.0% 0.99 0.27 Moving together 24
QTUMQtum 0.57 0.69 −0.12 +4.3 +6.8% 0.99 0.33 Moving together 33
WEMIXWEMIX 0.25 0.17 +0.08 −5.5 −3.0% 0.20 0.06 Moving together 30
EIGENEigenCloud 0.63 0.68 −0.05 +5.7 +8.2% 1.73 0.40 Moving together 20
BNBBNB 0.77 0.80 −0.03 −1.2 +1.3% 0.65 0.59 Moving together 10
LUNCTerra Classic 0.65 0.51 +0.15 −7.2 −4.7% 0.93 0.43 Moving together 9
CFXConflux 0.65 0.70 −0.05 +2.0 +4.6% 1.08 0.42 Moving together 21
FARTCOINFartcoin 0.67 0.64 +0.03 −9.7 −7.2% 1.91 0.45 Moving together 11
XECeCash 0.62 0.72 −0.10 −1.0 +1.5% 1.22 0.38 Moving together 28
ZENHorizen 0.55 0.55 +0.00 −9.0 −6.5% 1.55 0.30 Moving together 15
HYPEHyperliquid 0.64 0.58 +0.07 +0.1 +2.6% 0.96 0.41 Moving together 10
SFPSafePal 0.58 0.60 −0.02 −2.9 −0.4% 0.90 0.33 Moving together 17
CHEEMSCheems (cheems.pet) 0.58 0.47 +0.12 −7.0 −4.4% 0.82 0.34 Moving together 13
CCCanton 0.46 — — +13.1 +15.6% 0.98 0.21 No annual norm yet —
GRAMGram (prev. Toncoin) 0.45 — — −0.8 +1.7% 0.64 0.20 No annual norm yet —
XAUTTether Gold 0.35 — — −8.8 −6.3% 0.15 0.12 No annual norm yet —
PUMPPump.fun 0.37 — — +30.5 +33.1% 1.19 0.14 No annual norm yet —
MMemeCore 0.08 — — −14.5 −12.0% 0.20 0.01 No annual norm yet —
ASTERAster 0.52 — — −9.2 −6.7% 0.70 0.27 No annual norm yet —
SKYSky 0.40 — — +14.2 +16.8% 1.08 0.16 No annual norm yet —
MORPHOMorpho 0.50 — — −0.3 +2.2% 1.11 0.25 No annual norm yet —
JSTJUST 0.06 — — +29.7 +32.3% 0.08 0.00 No annual norm yet —
GTGateToken 0.42 — — +16.8 +19.4% 0.67 0.18 No annual norm yet —
LITLighter 0.46 — — −27.2 −24.7% 1.54 0.21 No annual norm yet —
AEROAerodrome Finance 0.60 — — +18.2 +20.7% 1.54 0.36 No annual norm yet —
NIGHTMidnight 0.37 — — +89.2 +91.8% 1.12 0.13 No annual norm yet —
NEXONexo 0.45 — — −1.7 +0.8% 0.41 0.21 No annual norm yet —
币安人生币安人生 0.32 — — −3.1 −0.6% 0.66 0.10 No annual norm yet —
XPLPlasma 0.49 — — −12.3 −9.7% 1.47 0.24 No annual norm yet —
PIEVERSEPieverse 0.30 — — +5.9 +8.4% 1.22 0.09 No annual norm yet —
FFFalcon Finance 0.01 — — −21.5 −19.0% 0.02 0.00 No annual norm yet —
BTTBitTorrent [New] 0.37 — — +18.2 +20.7% 0.49 0.14 No annual norm yet —
KITEKite 0.32 — — +13.6 +16.2% 0.70 0.10 No annual norm yet —
XTZTezos 0.36 — — +24.2 +26.7% 0.90 0.13 No annual norm yet —
SUNSun [New] 0.38 — — −2.3 +0.2% 0.17 0.14 No annual norm yet —
DCRDecred 0.15 — — +10.4 +13.0% 0.31 0.02 No annual norm yet —
MONMonad 0.52 — — −2.4 +0.1% 1.51 0.27 No annual norm yet —
PONSPons 0.35 — — −50.9 −48.3% 1.71 0.12 No annual norm yet —
METMeteora 0.29 — — +140.1 +142.6% 1.39 0.09 No annual norm yet —
NFTAINFT 0.12 — — −1.2 +1.3% 0.10 0.01 No annual norm yet —
AKTAkash Network 0.55 — — +30.6 +33.1% 1.31 0.30 No annual norm yet —
THETATheta Network 0.44 — — +15.1 +17.7% 1.02 0.19 No annual norm yet —
TRACOriginTrail 0.19 — — +18.5 +21.1% 0.56 0.04 No annual norm yet —
ZAMAZama 0.31 — — +47.2 +49.7% 1.17 0.10 No annual norm yet —
SENTSentient 0.31 — — +76.0 +78.6% 0.83 0.09 No annual norm yet —
0G0G 0.21 — — +51.1 +53.6% 0.54 0.04 No annual norm yet —
MXMX Token 0.32 — — +7.0 +9.5% 0.22 0.10 No annual norm yet —
XCNOnyxcoin 0.30 — — +7.3 +9.8% 0.68 0.09 No annual norm yet —
VSNVision 0.15 — — +5.6 +8.1% 0.14 0.02 No annual norm yet —
GOMININGGoМining 0.16 — — +4.0 +6.5% 0.23 0.02 No annual norm yet —
EDGEedgeX 0.39 — — −32.3 −29.8% 1.11 0.16 No annual norm yet —
AIOZAIOZ Network 0.35 — — +75.8 +78.3% 1.34 0.12 No annual norm yet —
1INCH1inch 0.59 — — +3.2 +5.8% 0.78 0.35 No annual norm yet —
GEODGEODNET 0.04 — — +27.4 +29.9% 0.13 0.00 No annual norm yet —
ATHAethir 0.43 — — +34.1 +36.6% 1.19 0.19 No annual norm yet —
2ZDoubleZero 0.43 — — −27.4 −24.8% 1.27 0.18 No annual norm yet —
CASHCATCash Cat 0.55 — — −35.5 −32.9% 2.80 0.31 No annual norm yet —
CAPCap −0.09 — — +61.9 +64.4% −0.58 0.01 No annual norm yet —
GENIUSGenius Terminal 0.12 — — +3.4 +5.9% 0.45 0.02 No annual norm yet —
CHIPUSD.AI 0.50 — — −7.1 −4.6% 1.78 0.25 No annual norm yet —
MELANIAOfficial Melania Meme 0.59 — — −15.9 −13.4% 1.04 0.35 No annual norm yet —
RAINRain 0.19 — — −39.3 −36.7% 0.70 0.04 No annual norm yet —
BTWBitway −0.02 — — +206.0 +208.5% −0.20 0.00 No annual norm yet —
HTXHTX 0.37 — — −2.3 +0.2% 0.16 0.14 No annual norm yet —
CTMc8ntinuum 0.19 — — +22.5 +25.0% 0.28 0.04 No annual norm yet —
AKEAKEDO 0.16 — — +57.7 +60.3% 1.56 0.02 No annual norm yet —
UBUnibase −0.01 — — +9.1 +11.6% −0.04 0.00 No annual norm yet —
APEPEApe and Pepe 0.09 — — +25.4 +27.9% 0.24 0.01 No annual norm yet —
BPBackpack 0.34 — — +91.3 +93.9% 2.23 0.12 No annual norm yet —

How to read this map

Right now the strongest confirmed separations from ETH include SAND, STX, QNT. The Herd Index is 0.49 across the eligible top-100 sample.

What the map measures

Most crypto assets respond to broad market conditions. Bitcoin and Ethereum often move in the same direction as many other coins, but the relationship changes. This map asks a narrower question than whether a price went up: did the asset’s short-period returns move in step with the selected benchmark, and is that relationship unusually weak for this particular asset?

Why returns, not prices

Correlation is calculated from logarithmic returns of matching, closed exchange candles. Comparing prices directly would make two unrelated upward trends look connected. The seven-day view uses 42 four-hour returns and reacts quickly. The default 30-day view uses 180 four-hour returns and is steadier. The 90-day view uses daily returns and describes slower changes. A missing candle breaks the sequence; we do not pretend that a longer gap was one ordinary return.

A correlation near +1 means the two returns tended to move together. Near zero means their linear movement was weakly related during the chosen window. Below zero means they tended to move in opposite directions. These are descriptions of past observations, not probabilities of a future rise. Short windows can change sharply after a single extraordinary move, a listing or thin trading.

The decoupling score

Low correlation alone is not a new event. Some coins have always behaved differently from Bitcoin or Ethereum. The decoupling score compares the current reading with the coin’s own median and distribution of rolling correlations over the preceding year. It also considers the absolute level and how quickly the relationship has weakened. If the required annual history is incomplete, the map still shows a measured current correlation but withholds the score, record badge and confirmed stage.

Reading the vertical axis

The vertical position adds direction. Relative performance is the coin’s percentage return minus the benchmark’s percentage return across the same window. A positive number can mean that both fell and the coin fell less. The stronger statement “rising while Bitcoin falls” is used only when the coin’s own return is positive and Bitcoin’s return is negative. An independent coin can also underperform; independence is not a benefit by itself.

Beta estimates how strongly a coin’s returns varied with a one-unit benchmark return in a simple linear model. R² describes what fraction of the coin’s return variation that model fits in the selected window. Neither measure proves that the benchmark caused the movement. A low R² also makes beta less useful as a summary of the coin’s behaviour.

Herd Index

The Herd Index is the median correlation of eligible top-100 coins with the selected benchmark. A higher value means a larger share of the observed market is moving together in the chosen window. A lower value can arise for many reasons; it does not by itself identify an altcoin season. The ETH–BTC reading beside it is a familiar reference, calculated by the same method.

Coverage and limits

Coverage matters. The map uses verified spot listings with USD or checked USD-equivalent quotes, enough aligned closed candles and a liquidity filter from the ranked universe. Coins without sufficient data are counted separately. A weak link may reflect exchange gaps, thin trading or negative coin-specific news. Do not treat a map position, score or historical period as a buy or sell instruction.

Stages and periods

The stage changes only after repeated closed observations. A coin can be starting to decouple, confirmed as decoupled, or recorded as having rejoined the benchmark. The gap between entry and exit thresholds prevents the label from switching on every small move. Completed periods can later be compared by their length and observed relative performance, with the sample count shown. Such summaries describe the recorded history of eligible assets; they are not a reliable estimate of what the next period will do. The same coin can behave differently against Bitcoin and Ethereum, so always check which benchmark the page names.