I opened the gainers list today, and it was like opening a mystery box.
At midnight UTC today, CoinStats showed 85 of the top 100 coins in the red, with only 10 up. CoinPaprika’s numbers paint a broader picture: 460 coins were down, with a median drop of 5.7%. Bitcoin was just over $76,000, and Ethereum hovered around $2,240.
Turns out, a few really are defying logic.
At the top is Bitway, hovering around $1.10, with a market cap of over $1.6 billion. The wild part is the gain: CoinStats says 7.1%, BlocFolio says 11.5%, and another source says 13.3%. The data providers can’t even agree with each other, so I can’t give you an exact figure. But they all agree on one thing: it’s in first place.
Further down, things look normal. Rain is around $0.0063, up just over 5%. I checked around and found no new news—it's simply holding up better than the rest. It's still down 7.7% over the past 7 days.
Lighter is much the same, around $3.5 and up about 5%. It's gained 22.6% over the past week. It offers perpetual futures trading, and this week it's held up better than the broader market.
The only one with a clear, named catalyst is Injective. $INJ is around $8.2, up about 4% over 24 hours and just over 10% for the week. On November 4, Nasdaq approved the listing application for Canary's staked INJ ETF (INJC), effectively opening the door for INJ to trade on a regulated U.S. exchange. The news broke two days ago and is still gaining traction, making it the only gain on the leaderboard with a clear explanation.
Finally, Zcash. At 11:30 this morning, NU7 activated at block height 3543405, cutting block times from 75 seconds to 25 seconds. Sixty percent of fees will be locked in a reserve pool and released a few years from now. The price is just over $1,300, essentially unchanged over 24 hours. It was up 11.7% two days ago; today, the upgrade went live, but the price stayed put. More than 12,000 coins remain in the oldest Sprout pool, worth around $16 million, and they can't be withdrawn once the upgrade is activated.
That's today's leaderboard in a nutshell: the top spot is a numbers fight, two coins are holding up without any news, one is riding ETF news, and another hasn't budged despite its upgrade going live. On a day of steep losses, being in the green is news in itself.
Which of these are you holding? On a day of steep losses, what makes you hold on to something that's still in the green? Let us know in the comments.
