--- title: "Why did Pepe drop 9.5% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/pepe/2026-10-29" date: 2026-10-29 --- # Why did Pepe drop 9.5% on October 29, 2026? A reported sale of PEPE by a Binance hacker could have added selling pressure. The move also included a sharp spike followed by a larger fall back. No market data here establishes what initiated that reversal. On October 29, 2026 (UTC), PEPE went from about $0.000005 to $0.000005 (-9.47%) on OKX · USDT, trading between $0.000004 and $0.000006. PEPE largely moved with the market. This is PEPE's largest 24-hour fall in 29 days. No PEPE report was collected from the day before to the day after; the cause is unresolved. Since 2023-04-19, PEPE has fallen 7% or more in a UTC day 72 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 24 of 72 cases, with a median change of -4.80%. This is history, not a forecast. ## What may be driving the move A reported sale of PEPE by a Binance hacker could have added selling pressure. The move also included a sharp spike followed by a larger fall back. No market data here establishes what initiated that reversal. - trigger · medium: Reports at Oct 29, 07:48 UTC and 08:27 UTC said a Binance hacker was selling PEPE and other tokens. If those sales reached the market, they could have added supply and downward pressure. Evidence gap: These are news reports, not verified execution records. The move’s onset is unknown, so their timing does not establish that the sales began or caused it. Sources: [S10](), [S11]() - amplifier · low: Buyer-initiated share on OKX was lower in the measured 24 hours than in the previous 24 hours, consistent with relatively weaker buying that could have amplified selling pressure. Evidence gap: This is one derivatives venue and does not identify the initiator. Funding stayed positive and open interest rose slightly, which do not establish short positioning or liquidation-driven selling. Sources: [S8]() Open question: Did the reported sales occur at a scale and time that materially affected PEPE’s market, and what drove the reversal? Analysis generated: 2026-10-30T00:13:06.000Z; evidence window: 2026-10-29T00:12:57.000Z → 2026-10-30T00:12:57.000Z. - Day open / close: $0.000005 → $0.000005 (24 hourly candles, OKX · USDT) - Day range: $0.000004 – $0.000006 - Versus the past month: Its largest 24h fall in 29 days; -9.47% in the 24 hours to Oct 30, 2026, 00:00 UTC, 3.0× a typical day (3.2%). - 30-day range: 19.9% below the high · 25.0% above the low; From hourly highs and lows on the same venue - 24h volume: 6.0×; of its prior 30-day daily average - Perpetual swap: funding positive · open interest flat; OKX perpetual swap PEPE-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. ## PEPE timeline around October 29, 2026 Largest closed hourly move: +8.98%, Oct 29, 2026, 15:00–16:00 (UTC). ## How often has this happened before? Since 2023-04-19, PEPE has fallen 7% or more in a UTC day 72 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 24 of 72 cases, with a median change of -4.80%. This is history, not a forecast. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 72 | 40 | +0.33% | | 7 days later | 72 | 24 | -4.80% | | 30 days later | 71 | 29 | -5.10% | Episodes: 2026-10-12, 2026-09-23, 2026-09-10, 2026-06-02, 2026-03-17, 2026-02-26, 2026-02-15, 2026-01-31, 2026-01-08, 2025-12-01 (UTC) One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-29 (UTC) - [Quack AI (Q) -29.02%]() - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() [PEPE price and news]() [Methods and limitations]()