---
title: "Why did Pepe drop 1.4% on October 24, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/pepe/2026-10-24"
date: 2026-10-24
---

# Why did Pepe drop 1.4% on October 24, 2026?

On October 24, 2026 (UTC), PEPE went from about $0.000005 to $0.000005 (-1.36%) on OKX · USDT, trading between $0.000004 and $0.000005. For the closed-hour 24h window: PEPE is within a usual day's range. PEPE fell further than this on 10 of the past 29 days. Pepe's decline is within its usual range, and most other tracked coins moved the same way, partly in line with Bitcoin. No recent report about the coin explains it, so the cause is unresolved. Trading volume was above usual, with negative funding on the OKX perpetual swap PEPE-USDT-SWAP and open interest flat.

- Day open / close: $0.000005 → $0.000005 (24 hourly candles, OKX · USDT)
- Day range: $0.000004 – $0.000005
- Versus Bitcoin: -1.36% / BTC -0.38%; -0.6 pts left after BTC × its hourly beta 2.13
- Versus the past month: 10 of the past 29 days fell further; Closed-hour 24h move -1.36%, 0.5× its prior 30-day median of 3.0%.
- 30-day range: 11.8% below the high · 23.8% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 16 of 23 moved the same way; 2 moved the other way
- 24h volume: 1.7×; of its prior 30-day daily average
- Perpetual swap: funding negative · open interest flat; OKX perpetual swap PEPE-USDT-SWAP

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

## Still open

- Whether the project issued any statement explaining recent trading activity; an official announcement would settle this.
- What drove the above-usual volume; exchange or on-chain data on flows would settle this.
- Why funding on the OKX perpetual swap PEPE-USDT-SWAP was negative while open interest stayed flat; venue derivatives data over a longer window 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>)

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