---
title: "Why did Akedo drop 7.2% on October 29, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/akedo/2026-10-29"
date: 2026-10-29
---

# Why did Akedo drop 7.2% on October 29, 2026?

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. On October 29, 2026 (UTC), AKE went from about $0.022568 to $0.020965 (-7.17%) on Gate · USDT, trading between $0.02009 and $0.022745. 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 be driving the move

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.

- trigger · low: A report published Oct 23, 08:00 UTC said Akedo had unlocked tokens worth $62 million, or 9% of circulating supply. If newly unlocked tokens were sold during the later fall, added supply could have weighed on the price.
  Evidence gap: The report predates the measured window; there is no evidence of sales or a direct link to this fall.
  Sources: [S10](<https://ambcrypto.com/akedo-crypto-rallies-59-after-62m-unlock-whats-driving-ake/>)

- amplifier · low: 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. Thin trading could have amplified selling pressure.
  Evidence gap: The order book is a single snapshot from one venue, and these data do not identify the selling that moved the price.
  Sources: [S1](<https://api.gateio.ws/api/v4/spot/candlesticks?currency_pair=AKE_USDT&interval=1h&limit=73>), [S2](<https://api.gateio.ws/api/v4/spot/order_book?currency_pair=AKE_USDT&limit=100>)

Open question: Did the unlock lead to selling during the fall, and what event initiated the move?

Analysis generated: 2026-10-30T04:07:14.000Z; evidence window: 2026-10-29T04:06:57.000Z → 2026-10-30T04:06:57.000Z.

- Day open / close: $0.022568 → $0.020965 (24 hourly candles, Gate · USDT)
- Day range: $0.02009 – $0.022745
- 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 low; From hourly highs and lows on the same venue
- Other tracked coins: 25 of 28 others also fell 2.4% or more; 2 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.

## AKE timeline around October 29, 2026

Largest closed hourly move: +3.57%, Oct 29, 2026, 20:00–21:00 (UTC).


Prices, market readings and reports are shown side by side; timing alone does not show what caused a move.

## Same-day movers · 2026-10-29 (UTC)

- [Quack AI (Q) -29.02%](<https://whycoinmoves.com/en/coins/quack-ai/2026-10-29>)
- [Pons (PONS) -21.29%](<https://whycoinmoves.com/en/coins/pons/2026-10-29>)
- [Ethena (ENA) -16.29%](<https://whycoinmoves.com/en/coins/ethena/2026-10-29>)
- [NEAR Protocol (NEAR) -14.24%](<https://whycoinmoves.com/en/coins/near/2026-10-29>)
- [Raydium (RAY) -12.52%](<https://whycoinmoves.com/en/coins/raydium/2026-10-29>)

[Akedo (AKE) price and news](<https://whycoinmoves.com/en/coins/akedo>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)