Q · Daily move · 2026-10-29
Why did Quack AI drop 29.0% on October 29, 2026?
Q's move differs substantially from its BTC-based estimate; the cause is unresolved. Q fell further than this on 2 of the past 29 days. No Q report was collected from the day before to the day after; the cause is unresolved.
The fall included a crash followed by a rebound. No verified news or market data identifies what started it; derivatives activity may have amplified it.
May have added to the movePossible
On Gate perpetuals, open interest rose about 80% over Oct 28, 23:00–Oct 29, 23:00 UTC. Long and short liquidations were both recorded during Oct 29, including at 20:00 UTC. This activity could have amplified price swings, but does not show which side drove them.
What is not shown
The data do not establish liquidations’ timing relative to the crash or rebound, or identify the initial cause.
Weaker possibilities: An Oct 26, 16:00 UTC headline mentioned a 241 million token unlock and an earlier fall. (Quack AI [Q] falls 28% before 241M token unlock – Can THIS hold?)
What is still unknown
What triggered the crash, and when did it begin?
Looked at the 24 hours to Oct 30, 2026, 00:00 UTC
- Day open / close
- $0.069095 → $0.04909724 hourly candles, Gate · USDT
- Day range
- $0.035291 – $0.071054101.3% from low to high
- Versus Bitcoin
- -29.02% / BTC -4.14%About -32.0 points of the move is its own after allowing for Bitcoin
- Versus the past month
- 2 of the past 29 days fell further-29.02% in the 24 hours to Oct 30, 2026, 00:00 UTC, 3.8× a typical day (7.7%).
- 30-day range
- 79.1% below the high · 146.9% above the lowFrom hourly highs and lows on the same venue
- Other tracked coins
- 7 of 24 others also fell 9.7% or more1 rose that much
- 24h volume
- 2.6×of its prior 30-day daily average
- Where it traded
- PancakeSwap V3 (BSC) 33% · Bithumb 32% · Gate 12%includes on-chain pools
Computed from Gate · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. Methods →
Q timeline around October 29, 2026
Largest closed hourly move: +26.75%, Oct 29, 2026, 20:00–21:00 (UTC).
12 sharp price swings were flagged; the largest was +24.14% in 1 hour at Oct 29, 2026, 21:24 UTC.
How often has this happened before?
Since 2025-09-02, Q has fallen 20% or more in a UTC day 10 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 4 of 9 cases, with a median change of -2.83%. This is history, not a forecast.
Episodes: 2026-10-24, 2026-09-28, 2026-08-17, 2026-05-11, 2026-03-28, 2026-03-04, 2026-01-29, 2025-10-25, 2025-10-08, 2025-09-09 (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.