Q · Daily move · 2026-10-28
Why did Quack AI go up 30.2% on October 28, 2026?
Q's move can't be compared with Bitcoin's yet; the figures below describe the move, not its cause. Q rose further than this on 3 of the past 29 days. No Q report was collected from the day before to the day after; the cause is unresolved.
The rise included a sharp spike and a substantial fall back. A market-positioning squeeze may have amplified the move, but no verified event explains what started it.
May have added to the movePossible
Negative funding on Gate perpetuals, including -0.0913% at Oct 28, 16:00 UTC, is consistent with pressure on short positions; short liquidations were also recorded. These conditions could have amplified upward moves, but do not show that a squeeze caused the rise.
What is not shown
The largest reported liquidation hour was long liquidations at Oct 28, 04:00 UTC, and the data do not establish when the rise began or whether short liquidations followed it.
Weaker possibilities: Spot volume in the measured 24 hours was much lower than in the preceding 24 hours, so thinner trading may have amplified price swings. (gateio.ws: hourly volume)
What is still unknown
What triggered the spike, and when did it begin, remain unknown.
Looked at the 24 hours to Oct 28, 2026, 17:08 UTC
- Day open / close
- $0.053132 → $0.06917224 hourly candles, Gate · USDT
- Day range
- $0.047738 – $0.07793963.3% from low to high
- Versus the past month
- 3 of the past 29 days rose further+30.19% in the 24 hours to Oct 29, 2026, 00:00 UTC, 4.1× a typical day (7.4%).
- 30-day range
- 70.5% below the high · 247.8% above the lowFrom hourly highs and lows on the same venue
- 24h volume
- 2.5×of its prior 30-day daily average
- Where it traded
- Bithumb 33% · PancakeSwap V3 (BSC) 31% · Gate 11%includes on-chain pools
Computed from Gate · USDT hourly candles for the 24 hours to Oct 29, 2026, 00:00 UTC. Methods →
Q timeline around October 28, 2026
Largest closed hourly move: +28.76%, Oct 28, 2026, 05:00–06:00 (UTC).
10 sharp price swings were flagged; the largest was -22.86% in 5 minutes at Oct 28, 2026, 06:21 UTC.
How often has this happened before?
Since 2025-09-02, Q has risen 30% or more in a UTC day 8 times on Gate · USDT daily closes, counting moves within 7 days of each other once.
Episodes: 2026-10-26, 2026-10-13, 2026-09-26, 2026-05-09, 2026-01-28, 2025-12-31, 2025-10-06, 2025-09-08 (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.