Why did Akedo drop 28.9% on October 27, 2026?
AKE's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. This is AKE's largest 24-hour fall in 29 days. No AKE report was collected from the day before to the day after; the cause is unresolved.
What may have driven the move
No clear cause was found for this move.
Weaker possibilities: Open interest rose in coin terms during Oct 26, 16:00–Oct 27, 16:00 UTC, while funding was positive at measured settlement times. (OKX perpetual swap: settled funding, OKX perpetual swap: open interest, OKX perpetual swap: taker buy/sell volume)
What was checked
No verified event found so far explains the fall. Derivatives data offers a limited possible amplification mechanism, but does not establish what started it.
Did a specific event or forced selling start the decline? Available data does not establish either.
Looked at the 24 hours to Oct 27, 2026, 16:48 UTC
- Day open / close
- $0.030423 → $0.02164124 hourly candles, Gate · USDT
- Day range
- $0.019143 – $0.03174865.8% from low to high
- Versus the past month
- Its largest 24h fall in 29 days-28.88% in the 24 hours to Oct 28, 2026, 00:00 UTC, 5.8× a typical day (4.9%).
- 30-day range
- 46.6% below the high · 13.0% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 2.3×of its prior 30-day daily average
- Where it traded
- PancakeSwap V3 (BSC) 39% · Gate 33% · KuCoin 12%includes on-chain pools
- Perpetual swap
- funding positive · open interest risingOKX perpetual swap AKE-USDT-SWAP
Computed from Gate · USDT hourly candles for the 24 hours to Oct 28, 2026, 00:00 UTC. Methods →
AKE timeline around October 27, 2026
Largest closed hourly move: -28.83%, Oct 27, 2026, 15:00–16:00 (UTC).
1 sharp price swing was flagged; the largest was +11.44% in 5 minutes at Oct 27, 2026, 16:08 UTC.
How often has this happened before?
Since 2025-09-28, AKE has fallen 20% or more in a UTC day 11 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 5 of 10 cases, with a median change of -4.15%. This is history, not a forecast.
| After the move | Cases | Higher | Median change |
|---|---|---|---|
| Next day | 11 | 4 | -2.10% |
| 7 days later | 10 | 5 | -4.15% |
| 30 days later | 10 | 6 | +9.65% |
Latest 10 episodes: 2026-10-21, 2026-09-16, 2026-09-06, 2026-08-29, 2026-07-04, 2026-04-23, 2026-04-16, 2026-02-25, 2026-02-05, 2025-11-14 (UTC)
One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast.