--- title: "Why did Hyperliquid drop 0.6% on October 24, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/hyperliquid/2026-10-24" date: 2026-10-24 --- # Why did Hyperliquid drop 0.6% on October 24, 2026? On October 24, 2026 (UTC), HYPE went from about $77.14 to $76.68 (-0.60%) on OKX · USDT, trading between $74.47 and $77.51. For the closed-hour 24h window: HYPE is within a usual day's range. HYPE fell further than this on 12 of the past 29 days. Hyperliquid moved down, partly in line with Bitcoin, and most other tracked coins moved the same way. The move is smaller than its usual day and within a usual day's range. No recent report about the coin explains it, so the cause is unresolved. - Day open / close: $77.14 → $76.68 (24 hourly candles, OKX · USDT) - Day range: $74.47 – $77.51 - Versus Bitcoin: -0.60% / BTC -0.38%; -0.1 pts left after BTC × its hourly beta 1.24 - Versus the past month: 12 of the past 29 days fell further; Closed-hour 24h move -0.60%, 0.3× its prior 30-day median of 1.8%. - 30-day range: 19.5% below the high · 3.0% above the low; From hourly highs and lows on the same venue - Other tracked coins: 16 of 20 moved the same way; 3 moved the other way - 24h volume: 0.7×; of its prior 30-day daily average - Perpetual swap: funding positive · open interest flat; OKX perpetual swap HYPE-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to 25/10/2026, 00:00 UTC. ## Still open - Whether any project statement, filing or exchange notice accompanied the decline, which an official announcement would settle. - Whether on-chain activity such as deposits, withdrawals or liquidations shifted around the move, which on-chain data would settle. 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%]() - [Quantus (QTC) -13.56%]() - [Sui (SUI) -2.28%]() - [Ondo (ONDO) -2.17%]() - [Zcash (ZEC) +2.13%]() [Hyperliquid (HYPE) price and news]() [Methods and limitations]()