---
title: "Why did Chainlink drop 1.7% on October 24, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/chainlink/2026-10-24"
date: 2026-10-24
---

# Why did Chainlink drop 1.7% on October 24, 2026?

On October 24, 2026 (UTC), LINK went from about $11.83 to $11.63 (-1.74%) on OKX · USDT, trading between $11.23 and $11.92. For the closed-hour 24h window: LINK largely moved with the market. LINK fell further than this on 9 of the past 29 days. Chainlink moved down roughly in line with Bitcoin and most other tracked coins, a day within the coin's usual range. Trading volume was below usual. No recent report about the coin explains the move, so the cause is unresolved.

- Day open / close: $11.83 → $11.63 (24 hourly candles, OKX · USDT)
- Day range: $11.23 – $11.92
- Versus Bitcoin: -1.74% / BTC -0.38%; -1.1 pts left after BTC × its hourly beta 1.72
- Versus the past month: 9 of the past 29 days fell further; Closed-hour 24h move -1.74%, 0.8× its prior 30-day median of 2.1%.
- 30-day range: 26.3% below the high · 3.5% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 12 of 20 moved the same way; 1 moved the other way
- 24h volume: 0.5×; of its prior 30-day daily average
- Perpetual swap: funding positive · open interest flat; OKX perpetual swap LINK-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to 25/10/2026, 00:00 UTC.

## Still open

- What catalyst, if any, drove the broad market decline that Chainlink followed? An official statement or exchange notice addressing market-wide conditions would settle this.
- Are there project or ecosystem developments for Chainlink not yet reported? A project announcement or on-chain data would settle this.

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

## Same-day movers · 2026-10-24 (UTC)

- [Irys (IRYS) -47.17%](<https://whycoinmoves.com/en/coins/irys/2026-10-24>)
- [Quantus (QTC) -13.56%](<https://whycoinmoves.com/en/coins/quantus/2026-10-24>)
- [Sui (SUI) -2.28%](<https://whycoinmoves.com/en/coins/sui/2026-10-24>)
- [Ondo (ONDO) -2.17%](<https://whycoinmoves.com/en/coins/ondo-finance/2026-10-24>)
- [Zcash (ZEC) +2.13%](<https://whycoinmoves.com/en/coins/zcash/2026-10-24>)

[Chainlink (LINK) price and news](<https://whycoinmoves.com/en/coins/chainlink>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)