--- title: "Why did Plasma drop 12.5% on November 1, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/plasma/2026-11-01" date: 2026-11-01 --- # Why did Plasma drop 12.5% on November 1, 2026? 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. On November 1, 2026 (UTC), XPL went from about $0.08137 to $0.07122 (-12.48%) on OKX · USDT, trading between $0.06914 and $0.08635. 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. 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. ## What may be driving the move 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. - amplifier · medium: 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. Evidence gap: These are reports, not independent execution data; they do not establish the liquidation timing or causal order. Sources: [S10](), [S11]() Open question: What initiated the fall, and did liquidations amplify it? The timing and scale of liquidations are not independently established. Analysis generated: 2026-11-01T18:35:13.000Z; evidence window: 2026-10-31T18:34:57.000Z → 2026-11-01T18:34:57.000Z. - Day open / close: $0.08137 → $0.07122 (24 hourly candles, OKX · USDT) - Day range: $0.06914 – $0.08635 - 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 low; From 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 rising; OKX perpetual swap XPL-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Nov 2, 2026, 00:00 UTC. ## 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. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 15 | 7 | -1.48% | | 7 days later | 15 | 5 | -5.17% | | 30 days later | 15 | 4 | -23.19% | 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. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-11-01 (UTC) - [Infinity Ground (AIN) +23.51%]() - [Akedo (AKE) -20.25%]() - [THORChain (RUNE) -12.37%]() - [TRON (TRX) +3.29%]() [Plasma (XPL) price and news]() [Methods and limitations]()