The post Why a handful of altcoins are surging over 30% as Bitcoin trends sideways appeared on BitcoinEthereumNews.com.

While the broader crypto market remains subdued, with both Bitcoin and Ethereum posting slight losses, a select group of altcoins have defied the trend, registering substantial gains over the last 24 hours. These market-defying rallies appear disconnected from general market sentiment, instead fueled by project-specific catalysts, including major exchange listings, deflationary tokenomics, and strategic partnerships. The performance of these top gainers highlights a market phase where individual project developments are the primary drivers of significant price action, a trend best exemplified by the volatile surge of Humanity Protocol. Biggest Gainers Humanity Protocol surged over 33% in the last 24 hours, leading a handful of altcoins to post gains against a sluggish broader market. A new listing on a major South Korean exchange overshadowed controversy surrounding the project’s user base as it was added to Bithumb’s Korean Won market on July 3. Trading for the H/KRW pair commenced with an initial reference price of 93.81 KRW. The listing on a prominent South Korean exchange generated significant trading volume. The price action, however, comes amid concerns over the project’s fundamental value proposition. The founder of the palm-scanning digital identity project recently acknowledged that a high percentage of its registered users might be bots, a revelation that strikes at the core of its mission to create a bot-free, human-verified network. The admission has created a polarized environment for the token, with the hype from new exchange listings clashing with questions about its long-term viability. FUNToken gains 30% in 24 hours Also posting gains was FUNToken (FUN), which rose more than 30%. The token, which serves the online gaming and gambling sector, benefited from several bullish developments. FUNToken was recently listed on the Poloniex exchange, a move intended to increase its global reach and utility. This followed another listing on the HTX Innovation Zone.…

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Filed under: News - @ July 4, 2025 1:29 pm