Why did Akedo drop 7.2% on October 29, 2026?
AKE largely moved with the market. AKE fell further than this on 5 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 Akedo had unlocked tokens worth $62 million, or 9% of circulating supply. (Akedo crypto rallies 59% after $62M unlock – What’s driving AKE?); Trading volume over Oct 29, 04:00–Oct 30, 04:00 UTC was lower than in the preceding 24 hours, and the observed order book had less buy-side than sell-side depth. (gateio.ws: hourly volume, Gate spot: order book)
What was checked
No verified news or market data found so far explains this fall. A token unlock reported before the move is a possible, but unconfirmed, contributor.
Did the unlock lead to selling during the fall, and what event initiated the move?
Looked at the 24 hours to Oct 30, 2026, 04:06 UTC
- Day open / close
- $0.022568 → $0.02096524 hourly candles, Gate · USDT
- Day range
- $0.02009 – $0.02274513.2% from low to high
- Versus Bitcoin
- -7.17% / BTC -4.14%24 hours to Oct 30, 2026, 00:00 UTC; the headline uses the live price. About -4.6 points of the move is its own after allowing for Bitcoin
- Versus the past month
- 5 of the past 29 days fell further-7.17% in the 24 hours to Oct 30, 2026, 00:00 UTC, 1.4× a typical day (5.2%).
- 30-day range
- 48.3% below the high · 9.7% above the lowFrom hourly highs and lows on the same venue
- Other tracked coins
- 25 of 28 others also fell 2.4% or more2 rose that much
- 24h volume
- 0.8×of its prior 30-day daily average
Computed from Gate · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. Methods →
AKE timeline around October 29, 2026
Largest closed hourly move: +3.57%, Oct 29, 2026, 20:00–21:00 (UTC).