--- title: "Why did Hedera drop 3.1% on October 23, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/hedera-hashgraph/2026-10-23" date: 2026-10-23 --- # Why did Hedera drop 3.1% on October 23, 2026? On October 23, 2026 (UTC), HBAR went from about $0.07994 to $0.07751 (-3.08%) on OKX · USDT, trading between $0.07583 and $0.08178. For the closed-hour 24h window: HBAR's BTC-adjusted comparison is unavailable; the observed data does not identify a cause. HBAR fell further than this on 4 of the past 29 days. Hedera moved down on the day, a move about the size of its usual daily range, and some other tracked coins moved the same way. Trading volume was below usual. No recent report about Hedera explains the move, so the cause is unresolved. - Day open / close: $0.07994 → $0.07751 (24 hourly candles, OKX · USDT) - Day range: $0.07583 – $0.08178 - Versus the past month: 4 of the past 29 days fell further; Closed-hour 24h move -3.08%, 1.3× its prior 30-day median of 2.3%. - 30-day range: 40.8% below the high · 2.2% above the low; From hourly highs and lows on the same venue - Other tracked coins: 5 of 18 moved the same way; 3 moved the other way - 24h volume: 0.4×; of its prior 30-day daily average Computed from OKX · USDT hourly candles for the 24 hours to 24/10/2026, 00:00 UTC. ## Still open - Whether any project announcement, exchange notice or on-chain development accompanied the decline; an official statement or exchange notice would settle this. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. [Hedera (HBAR) price and news]() [Methods and limitations]()