$CHESS Tranchess is navigating a highly volatile period. While the protocol continues to innovate with its "structured fund" approach to DeFi, the token is currently facing significant market pressure due to upcoming exchange changes.
Market Snapshot (February 3, 2026)
Metric Current Data
Current Price $0.02928
24h Change +20.76% (Recovering from recent lows)
Market Cap $6.03 Million
Circulating Supply 205.99M CHESS
All-Time High $7.92 (Oct 2021)
Technical & Fundamental Analysis
1. The "Binance Factor" (Critical Update):
The most significant driver for CHESS right now is the announcement that Binance will delist CHESS on February 13, 2026.
Impact: This typically leads to a "delisting dump" followed by high-volatility "exit pumps" as traders close positions.
Timeline: Withdrawals will remain supported until mid-April, but liquidity on centralized exchanges is expected to thin out significantly.
2. Protocol Health vs. Token Price:
Despite the price being 99% below its ATH, the Tranchess protocol remains functional.
V2 Upgrade: The recent "Smart Yield" update has helped maintain some Total Value Locked (TVL), currently around $5.7M - $6M.
Supply Dynamics: Approximately 18.9% of the supply is locked in staking, and the team has been active with a buyback program to support the price floor.
3. Price Action & Sentiment:
Short-Term: The token is showing "dead cat bounce" characteristics. After a sharp decline in 90 days (-38%), it saw a speculative 20% spike today.
Support/Resistance: Traders are watching the $0.028 level as critical support. If it fails to hold post-delisting, it may enter "price discovery" to the downside toward its all-time low of $0.017.