--- title: "Why did Quack AI drop 29.0% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/quack-ai/2026-10-29" date: 2026-10-29 --- # Why did Quack AI drop 29.0% on October 29, 2026? 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. On October 29, 2026 (UTC), Q went from about $0.069095 to $0.049097 (-29.02%) on Gate · USDT, trading between $0.035291 and $0.071054. 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. 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. ## What may be driving the move 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. - amplifier · medium: 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. Evidence gap: The data do not establish liquidations’ timing relative to the crash or rebound, or identify the initial cause. Sources: [S1](), [S3]() - trigger · low: An Oct 26, 16:00 UTC headline mentioned a 241 million token unlock and an earlier fall. An unlock could create selling pressure if tokens became available, but no evidence links it to this later crash and rebound. Evidence gap: The headline is a search snippet; the unlock’s occurrence, timing, and any related selling are unverified. Sources: [S10]() Open question: What triggered the crash, and when did it begin? Analysis generated: 2026-10-30T00:01:07.000Z; evidence window: 2026-10-29T00:00:57.000Z → 2026-10-30T00:00:57.000Z. - Day open / close: $0.069095 → $0.049097 (24 hourly candles, Gate · USDT) - Day range: $0.035291 – $0.071054 - Versus Bitcoin: -29.02% / BTC -4.14%; 24 hours to Oct 30, 2026, 00:00 UTC; the headline uses the live price. 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 low; From hourly highs and lows on the same venue - Other tracked coins: 7 of 24 others also fell 9.7% or more; 1 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. ## Q timeline around October 29, 2026 Largest closed hourly move: +26.75%, Oct 29, 2026, 20:00–21:00 (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. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 10 | 9 | +6.62% | | 7 days later | 9 | 4 | -2.83% | | 30 days later | 9 | 7 | +12.93% | 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. 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) - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() - [Pudgy Penguins (PENGU) -10.94%]() [Quack AI (Q) price and news]() [Methods and limitations]()