XPL · Daily move · 2026-11-01
Why did Plasma drop 12.5% on November 1, 2026?
There is not enough price history yet to tell how much of XPL's move followed Bitcoin; the figures below describe the move, not its cause. This is XPL's largest 24-hour fall in 29 days. No XPL report was collected from the day before to the day after; the analysis below weighs older evidence.
A coin-specific move is more plausible than a market-wide explanation: Bitcoin was slightly higher while most tracked coins did not fall comparably. Reports described long liquidations, but do not establish that they started the fall. The price first spiked and then fell back.
May have added to the movePossible
Reports published Nov 1, 04:04 UTC described a liquidation cascade of leveraged longs and heavy liquidations. Forced selling could have amplified the fall, but the reports do not establish when the liquidations occurred or whether they began the move.
What is not shown
These are reports, not independent execution data; they do not establish the liquidation timing or causal order.
What is still unknown
What initiated the fall, and did liquidations amplify it? The timing and scale of liquidations are not independently established.
Looked at the 24 hours to Nov 1, 2026, 18:34 UTC
- Day open / close
- $0.08137 → $0.0712224 hourly candles, OKX · USDT
- Day range
- $0.06914 – $0.0863524.9% from low to high
- Versus the past month
- Its largest 24h fall in 29 days-12.48% in the 24 hours to Nov 2, 2026, 00:00 UTC, 4.4× a typical day (2.8%).
- 30-day range
- 26.9% below the high · 5.8% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 3.9×of its prior 30-day daily average
- Where it traded
- Binance 24% · Bybit 12% · OKX 9%
- Perpetual swap
- funding negative · open interest risingOKX perpetual swap XPL-USDT-SWAP
Computed from OKX · USDT hourly candles for the 24 hours to Nov 2, 2026, 00:00 UTC. Methods →
XPL timeline around November 1, 2026
Largest closed hourly move: -14.33%, Nov 1, 2026, 04:00–05:00 (UTC).
How often has this happened before?
Since 2025-09-25, XPL has fallen 10% or more in a UTC day 15 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 5 of 15 cases, with a median change of -5.17%. This is history, not a forecast.
Latest 10 episodes: 2026-06-30, 2026-06-18, 2026-06-05, 2026-04-18, 2026-03-06, 2026-02-05, 2026-01-29, 2026-01-15, 2026-01-07, 2025-12-15 (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.