Current Market Data (as of February 5, 2026)
• Price: Approximately $0.026 – $0.0273 USD (recent 24h range shows volatility).
• 24h Change: +18% to +21% in the most recent snapshots (strong short-term bounce).
• Market Cap: ~$5.5M – $5.6M USD.
. Fully Diluted Valuation (FDV): ~$8.1M – $8.2M.
• Circulating Supply: ~206M $CHESS (~68–69% of max/total supply of 300M).
• 24h Trading Volume: Frequently $8M – $9M+ (very high relative to market cap, often 150%+ Vol/MCap ratio indicating intense trading activity).
• Rank: Mid-to-lower tier (~#1190–1620 range on CoinMarketCap/CoinGecko).
• All-Time High (ATH): ~$7.9+ (early bull market peak; current price is down >99% from ATH).
• Recent Performance: Sharp +20%+ daily moves amid broader volatility; however, significant downside pressure from major news (see below). Weekly changes mixed (-2% to flat in some periods despite daily pumps).
High volume-to-cap ratios suggest speculative trading, momentum plays, and potential liquidity events rather than pure organic usage.
Major Recent Development — Binance Delisting
A critical event occurred in early February 2026: Binance announced the delisting of $CHESS (along with ACA, DATA, DF, GHST, NKN) from spot trading pairs, effective February 13, 2026 at 03:00 UTC.
• Reason: Routine review based on trading volume, liquidity, development activity, and other factors.
• Impact: Immediate price pressure post-announcement (drops of 18%+ reported); withdrawals remain open until April 13, 2026.
• This removes exposure on the world’s largest exchange, likely reducing overall accessibility and liquidity long-term.
Despite the delisting news, short-term price action showed strong rebounds (possibly short squeezes, buyback-related sentiment, or broader altcoin momentum).
Strengths
• Real DeFi Utility: Structured products, yield farming, leverage, and revenue sharing differentiate it from pure speculative tokens.
• Governance & Incentives: veCHESS locking creates long-term alignment; protocol revenue distribution adds value accrual potential.
• Multi-Chain Presence: Exposure across BNB Chain, Ethereum, Scroll.
• High Trading Activity: Elevated volumes indicate interest, even if speculative.
Risks & Weaknesses
• Binance Delisting: Major negative catalyst; loss of a top-tier CEX listing typically hurts visibility, liquidity, and price for mid/small-cap tokens.
• Extreme Volatility & Downtrend: >99% from ATH; frequent sharp swings typical of low-cap DeFi tokens.
• Tokenomics Overhang: ~30%+ still locked/unlocked over time — potential selling pressure if not offset by demand.
• Competition: Crowded DeFi yield/structured products space (e.g., other tranche protocols, leveraged yield farms).
• Low Market Cap + High Vol/MCap: Signals pump/dump risk and thin order books.
Overall Assessment
$CHESS / Tranchess offers genuine DeFi utility with a clever chess-themed risk tranching model, which could appeal in a recovering or yield-hungry market. Recent buyback programs and locked supply (mentioned in community updates) provide some bullish counter-narrative.
However, the upcoming Binance delisting (February 13, 2026) is a substantial headwind that has already triggered downside and will likely continue to weigh on sentiment and liquidity. The token remains highly speculative with extreme volatility — suitable mainly for high-risk traders watching volume spikes, protocol TVL growth (~$6M range), and post-delisting stabilization.
This is not financial advice — DeFi tokens carry smart contract, impermanent loss, and market risks. Always DYOR via official channels (tranchess.finance, documentation), check TVL on DefiLlama, and monitor exchange listings closely. Crypto markets remain unpredictable, especially for smaller-cap projects facing major exchange removals.#EthereumLayer2Rethink? #ADPDataDisappoints