---
title: "Why did Hyperliquid drop 2.3% on October 31, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/hyperliquid/2026-10-31"
date: 2026-10-31
---

# Why did Hyperliquid drop 2.3% on October 31, 2026?

On October 31, 2026 (UTC), HYPE went from about $89.94 to $87.95 (-2.25%) on OKX · USDT, trading between $86.25 and $90.17. HYPE moved much further than Bitcoin's move would suggest; no cause is identified. HYPE fell further than this on 6 of the past 29 days. 1 HYPE report is on the timeline below: 1 published before the largest hourly move and 0 during or after it. Timing alone does not show what caused the move.

- Day open / close: $89.94 → $87.95 (24 hourly candles, OKX · USDT)
- Day range: $86.25 – $90.17
- Versus Bitcoin: -2.25% / BTC +0.29%; About -2.6 points of the move is its own after allowing for Bitcoin
- Versus the past month: 6 of the past 29 days fell further; -2.25% in the 24 hours to Nov 1, 2026, 00:00 UTC, 1.2× a typical day (1.8%).
- 30-day range: 9.4% below the high · 18.1% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 11 of 28 others also fell 0.8% or more; 8 rose that much
- 24h volume: 2.5×; of its prior 30-day daily average

Computed from OKX · USDT hourly candles for the 24 hours to Nov 1, 2026, 00:00 UTC.

## HYPE timeline around October 31, 2026

Largest closed hourly move: -1.30%, Oct 31, 2026, 13:00–14:00 (UTC).

- Oct 30, 2026, 12:31 UTC (before the largest hourly move): [Trade.xyz says ICE will invest in its CFTC-regulated Hyperliquid perps venue](<https://whycoinmoves.com/en/events/hyperliquid-morning-minute-binance-s-6-cedf54d6f1de4f>) · Decrypt — Decrypt's Tyler Warner reported that Trade.xyz announced Intercontinental Exchange, owner of the New York Stock Exchange, is investing in a plan for a regulated U.S.

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

## Same-day movers · 2026-10-31 (UTC)

- [Akedo (AKE) -21.50%](<https://whycoinmoves.com/en/coins/akedo/2026-10-31>)
- [Lisk (LSK) +19.22%](<https://whycoinmoves.com/en/coins/lisk/2026-10-31>)
- [Lighter (LIT) +13.80%](<https://whycoinmoves.com/en/coins/lighter/2026-10-31>)
- [Morpho (MORPHO) +13.74%](<https://whycoinmoves.com/en/coins/morpho/2026-10-31>)
- [Stacks (STX) +12.81%](<https://whycoinmoves.com/en/coins/blockstack/2026-10-31>)

[Hyperliquid (HYPE) price and news](<https://whycoinmoves.com/en/coins/hyperliquid>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)