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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, 12:00 UTC 98 of 200 coins have fresh data, 59 with a full annual norm

Verdict · 30 days 9 coins have decoupled from ETH ETH over 30 days -2.5%
Decoupled 9 5 starting to decouple
Rising while ETH falls 62 / 98 Coins with a positive return while the benchmark fell
Herd Index 0.52 ▲ 0.05 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 98 coins on the map; all are in the table.
Returns over the window, both from 0% ZBCNETH
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.

Starknet

STRK / ETH
88/100
+100.0 pp

STRK +97.5% · ETH −2.5%

Correlation
0.29
Usual
0.60
Δ
−0.31
Show on the map →

Ethena

ENA / ETH
58/100
+27.6 pp

ENA +25.1% · ETH −2.5%

Correlation
0.48
Usual
0.69
Δ
−0.21
Show on the map →

Grass

GRASS / ETH
64/100
+70.5 pp

GRASS +68.0% · ETH −2.5%

Correlation
0.22
Usual
0.41
Δ
−0.19
Show on the map →

Hedera

HBAR / ETH
61/100
+12.6 pp

HBAR +10.1% · ETH −2.5%

Correlation
0.49
Usual
0.73
Δ
−0.25
Show on the map →

Rising while ETH falls

ETH returned −2.5% over the window; these coins still rose.

  1. BTW +207.0 pp
  2. STRK +100.0 pp
  3. NEAR +94.4 pp
  4. BP +93.9 pp
  5. AIOZ +73.5 pp
  6. GRASS +70.5 pp

Starting to decouple

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

  1. KCS 0.57 / 0.74 63/100
  2. SEI 0.52 / 0.69 59/100
  3. LTC 0.50 / 0.76 58/100
  4. BCH 0.44 / 0.60 56/100
  5. MANA 0.49 / 0.71 51/100

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
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Avg. relative
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How much of the market moves together?

Median correlation of 62 eligible top-100 coins with ETH. Below 0.45 the market moves more independently than usual.

Herd Index 0.52 ETH ↔ BTC 0.84 Low-herd threshold

Compare every coin

98 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
STRKStarknet 0.29 0.60 −0.31 +100.0 +97.5% 1.10 0.09 Decoupled · today 88
ENAEthena 0.48 0.69 −0.21 +27.6 +25.1% 1.32 0.23 Decoupled · 4 d 58
GRASSGrass 0.22 0.41 −0.19 +70.5 +68.0% 0.80 0.05 Decoupled · 6 d 64
HBARHedera 0.49 0.73 −0.25 +12.6 +10.1% 1.21 0.24 Decoupled · 6 d 61
SEISei 0.52 0.69 −0.18 +30.1 +27.6% 1.15 0.27 Starting to decouple 59
NEARNEAR Protocol 0.51 0.63 −0.12 +94.4 +91.9% 1.74 0.26 Moving together 48
LTCLitecoin 0.50 0.76 −0.27 +15.1 +12.6% 0.88 0.25 Starting to decouple 58
SUISui 0.63 0.78 −0.16 +26.6 +24.1% 1.59 0.39 Moving together 46
BCHBitcoin Cash 0.44 0.60 −0.16 +11.4 +8.9% 0.98 0.19 Starting to decouple 56
AVAXAvalanche 0.64 0.81 −0.17 +26.7 +24.2% 1.53 0.41 Moving together 41
KCSKuCoin Token 0.57 0.74 −0.17 +10.2 +7.7% 0.44 0.32 Starting to decouple 63
ONDOOndo 0.53 0.78 −0.25 +17.3 +14.7% 1.47 0.28 Moving together 45
PEPEPepe 0.51 0.74 −0.23 +4.7 +2.2% 1.34 0.26 Decoupled · 5 d 63
MANADecentraland 0.49 0.71 −0.22 +21.8 +19.3% 1.19 0.24 Starting to decouple 51
ZBCNZebec Network 0.37 0.42 −0.06 +25.0 +22.5% 1.00 0.13 Moving together 46
JUPJupiter 0.61 0.71 −0.10 +45.7 +43.2% 1.54 0.37 Moving together 35
TELTelcoin 0.36 0.53 −0.17 +4.0 +1.5% 1.07 0.13 Decoupled · 1 d 68
AAVEAave 0.66 0.76 −0.10 +28.5 +26.0% 1.28 0.43 Moving together 25
DEEPDeepBook Protocol 0.57 0.69 −0.12 +21.8 +19.3% 1.51 0.33 Moving together 38
OKBOKB 0.58 0.66 −0.08 +8.8 +6.3% 0.67 0.34 Moving together 35
FLUIDFluid 0.50 0.50 +0.00 +45.6 +43.1% 1.28 0.25 Moving together 30
BTCBitcoin 0.84 0.89 −0.05 +5.2 +2.7% 0.61 0.70 Moving together 37
UNIUniswap 0.58 0.67 −0.09 +8.1 +5.6% 1.51 0.34 Moving together 34
GLMGolem 0.44 0.54 −0.10 +14.4 +11.9% 0.79 0.20 Moving together 39
GALAGala 0.56 0.72 −0.16 +13.2 +10.7% 1.41 0.31 Moving together 40
XMRMonero 0.38 0.32 +0.05 +9.0 +6.5% 0.58 0.14 Moving together 25
XDCXDC Network 0.42 0.39 +0.04 +12.9 +10.4% 0.68 0.18 Moving together 23
WLFIWorld Liberty Financial 0.23 0.50 −0.27 −1.0 −3.5% 0.28 0.05 Decoupled · 5 d 68
SOLSolana 0.85 0.87 −0.02 +6.6 +4.1% 1.03 0.71 Moving together 21
BSVBitcoin SV 0.48 0.49 −0.01 +9.9 +7.4% 1.11 0.23 Moving together 24
ADACardano 0.73 0.80 −0.07 +3.5 +1.0% 1.42 0.53 Moving together 24
USELESSUseless Coin 0.46 0.54 −0.07 −34.2 −36.7% 2.19 0.21 Moving together 44
TRXTRON 0.25 0.37 −0.13 +0.7 −1.9% 0.10 0.06 Decoupled · 5 d 55
DOTPolkadot 0.52 0.71 −0.19 −11.3 −13.8% 1.10 0.27 Moving together 47
ARBArbitrum 0.48 0.74 −0.26 −0.0 −2.5% 1.71 0.23 Decoupled · 6 d 54
SPXSPX6900 0.65 0.74 −0.09 −32.2 −34.7% 1.57 0.43 Moving together 32
FLRFlare 0.60 0.61 −0.01 +5.4 +2.8% 0.74 0.36 Moving together 16
TAOBittensor 0.64 0.61 +0.02 +2.8 +0.3% 1.40 0.41 Moving together 10
DYDXdYdX 0.57 0.60 −0.02 +4.8 +2.3% 1.34 0.33 Moving together 18
ETCEthereum Classic 0.66 0.74 −0.08 −7.5 −10.1% 1.23 0.44 Moving together 33
DOGEDogecoin 0.76 0.81 −0.05 −6.3 −8.8% 1.18 0.58 Moving together 28
PIPi 0.53 0.47 +0.07 −16.4 −18.9% 0.66 0.29 Moving together 16
LEOUNUS SED LEO 0.14 0.10 +0.04 −0.9 −3.5% 0.07 0.02 Moving together 37
WLDWorldcoin 0.48 0.58 −0.10 +0.7 −1.8% 1.41 0.24 Moving together 39
XRPXRP 0.75 0.81 −0.06 −3.6 −6.2% 1.11 0.56 Moving together 28
LINKChainlink 0.78 0.91 −0.13 −0.1 −2.6% 1.28 0.60 Moving together 35
VVVVenice Token 0.45 0.43 +0.02 −9.8 −12.3% 1.49 0.20 Moving together 21
CROCronos 0.61 0.71 −0.10 +0.1 −2.4% 1.08 0.37 Moving together 32
PAXGPAX Gold 0.35 0.33 +0.02 −3.8 −6.4% 0.14 0.12 Moving together 28
MNTMantle 0.62 0.63 −0.01 −9.8 −12.3% 0.98 0.39 Moving together 14
SHIBShiba Inu 0.75 0.78 −0.03 −3.8 −6.3% 1.22 0.56 Moving together 20
ZECZcash 0.53 0.52 +0.01 −3.2 −5.7% 1.41 0.28 Moving together 18
XLMStellar 0.69 0.76 −0.07 +0.9 −1.7% 1.27 0.48 Moving together 23
WIFdogwifhat 0.62 0.70 −0.09 −3.4 −5.9% 1.53 0.38 Moving together 31
ICPInternet Computer 0.52 0.58 −0.06 −0.1 −2.6% 1.12 0.27 Moving together 25
HYPEHyperliquid 0.65 0.58 +0.07 +1.8 −0.7% 0.92 0.42 Moving together 10
BGBBitget Token 0.53 0.50 +0.03 −1.2 −3.7% 0.55 0.29 Moving together 16
BDXBeldex 0.07 0.06 +0.02 −1.0 −3.5% 0.05 0.01 Moving together 30
BNBBNB 0.79 0.80 −0.01 −0.8 −3.3% 0.69 0.63 Moving together 4
CCCanton 0.48 — — +11.1 +8.6% 0.99 0.23 No annual norm yet —
GRAMGram (prev. Toncoin) 0.49 — — −1.8 −4.3% 0.68 0.24 No annual norm yet —
XAUTTether Gold 0.35 — — −3.9 −6.4% 0.14 0.13 No annual norm yet —
PUMPPump.fun 0.39 — — +26.7 +24.2% 1.20 0.15 No annual norm yet —
ASTERAster 0.55 — — −8.1 −10.6% 0.72 0.30 No annual norm yet —
SKYSky 0.42 — — +14.2 +11.6% 1.07 0.18 No annual norm yet —
JSTJUST 0.04 — — +30.7 +28.2% 0.05 0.00 No annual norm yet —
GTGateToken 0.44 — — +17.6 +15.1% 0.67 0.19 No annual norm yet —
LITLighter 0.43 — — −21.5 −24.0% 1.36 0.19 No annual norm yet —
NEXONexo 0.48 — — +1.2 −1.3% 0.42 0.23 No annual norm yet —
PIEVERSEPieverse 0.29 — — +4.8 +2.3% 1.13 0.09 No annual norm yet —
BTTBitTorrent [New] 0.39 — — +21.5 +18.9% 0.48 0.15 No annual norm yet —
SUNSun [New] 0.42 — — +1.7 −0.8% 0.18 0.17 No annual norm yet —
XTZTezos 0.36 — — +25.3 +22.7% 0.84 0.13 No annual norm yet —
DCRDecred 0.15 — — +6.9 +4.4% 0.30 0.02 No annual norm yet —
MONMonad 0.54 — — −7.8 −10.3% 1.53 0.30 No annual norm yet —
NFTAINFT 0.12 — — +3.9 +1.3% 0.09 0.01 No annual norm yet —
AKTAkash Network 0.58 — — +18.0 +15.5% 1.30 0.33 No annual norm yet —
THETATheta Network 0.47 — — +13.3 +10.8% 1.07 0.22 No annual norm yet —
TRACOriginTrail 0.20 — — +21.0 +18.5% 0.58 0.04 No annual norm yet —
MXMX Token 0.33 — — +10.7 +8.2% 0.22 0.11 No annual norm yet —
XCNOnyxcoin 0.33 — — +10.5 +8.0% 0.72 0.11 No annual norm yet —
SENTSentient 0.38 — — +63.3 +60.8% 1.02 0.14 No annual norm yet —
GOMININGGoМining 0.15 — — +9.5 +7.0% 0.20 0.02 No annual norm yet —
VSNVision 0.17 — — +7.7 +5.2% 0.15 0.03 No annual norm yet —
AIOZAIOZ Network 0.37 — — +73.5 +71.0% 1.36 0.14 No annual norm yet —
1INCH1inch 0.61 — — +4.3 +1.8% 0.79 0.38 No annual norm yet —
GEODGEODNET 0.08 — — +27.9 +25.3% 0.23 0.01 No annual norm yet —
EDGEedgeX 0.44 — — −32.4 −35.0% 1.22 0.20 No annual norm yet —
ATHAethir 0.46 — — +32.2 +29.7% 1.22 0.21 No annual norm yet —
CAPCap −0.06 — — +61.5 +58.9% −0.39 0.00 No annual norm yet —
FUNFUNToken −0.11 — — +34.4 +31.8% −0.19 0.01 No annual norm yet —
RAINRain 0.21 — — −35.0 −37.5% 0.72 0.04 No annual norm yet —
BTWBitway −0.02 — — +207.0 +204.5% −0.19 0.00 No annual norm yet —
HTXHTX 0.43 — — +1.9 −0.6% 0.18 0.19 No annual norm yet —
CTMc8ntinuum 0.15 — — +25.2 +22.7% 0.21 0.02 No annual norm yet —
UBUnibase 0.04 — — +8.9 +6.3% 0.14 0.00 No annual norm yet —
APEPEApe and Pepe 0.14 — — +23.8 +21.3% 0.35 0.02 No annual norm yet —
BPBackpack 0.36 — — +93.9 +91.4% 2.23 0.13 No annual norm yet —

How to read this map

Right now the strongest confirmed separations from ETH include STRK, ENA, GRASS. The Herd Index is 0.52 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.