Why did Akedo drop 4.4% on October 28, 2026?
AKE's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. AKE fell further than this on 10 of the past 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: A report published Oct 23, 08:00 UTC said tokens worth $62 million, or 9% of circulating supply, had been unlocked two days earlier. (Akedo crypto rallies 59% after $62M unlock – What’s driving AKE?); Open interest in coin units rose over the measured window, while funding stayed positive. (OKX perpetual swap: settled funding, OKX perpetual swap: open interest, OKX perpetual swap: taker buy/sell volume)
What was checked
A reported token unlock is a possible source of selling pressure, but the evidence does not establish a link to the fall. No verified event during the move explains the spike and fall back.
Did the unlock lead to selling during this move, and when did the fall begin?
Looked at the 24 hours to Oct 28, 2026, 14:22 UTC
- Day open / close
- $0.021638 → $0.02206118 hourly candles, Gate · USDT
- Day range
- $0.01911 – $0.0236623.8% from low to high
- Versus the past month
- 10 of the past 29 days fell further-4.40% in the 24 hours to Oct 28, 2026, 18:00 UTC, 0.9× a typical day (5.0%).
- 30-day range
- 45.5% below the high · 15.4% above the lowFrom hourly highs and lows on the same venue
- Other tracked coins
- 2 of 16 others also fell 1.5% or more6 rose that much
- 24h volume
- 1.5×of its prior 30-day daily average
Computed from Gate · USDT hourly candles for the 24 hours to Oct 28, 2026, 18:00 UTC. Methods →
AKE timeline around October 28, 2026
Largest closed hourly move: +8.36%, Oct 28, 2026, 16:00–17:00 (UTC).
3 sharp price swings were flagged; the largest was +8.45% in 1 hour at Oct 28, 2026, 17:00 UTC.