--- title: "Why did Stellar drop 5.9% on October 29, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/stellar/2026-10-29" date: 2026-10-29 --- # Why did Stellar drop 5.9% on October 29, 2026? On October 29, 2026 (UTC), XLM went from about $0.17246 to $0.16233 (-5.87%) on OKX · USDT, trading between $0.16055 and $0.17394. XLM largely moved with the market. XLM fell further than this on 1 of the past 29 days. 1 XLM report is on the timeline below: 1 published before the largest hourly move and 0 during or after it. Timing alone does not show what caused the move. - Day open / close: $0.17246 → $0.16233 (24 hourly candles, OKX · USDT) - Day range: $0.16055 – $0.17394 - Versus the past month: 1 of the past 29 days fell further; -5.87% in the 24 hours to Oct 30, 2026, 00:00 UTC, 2.9× a typical day (2.0%). - 30-day range: 30.0% below the high · 1.1% above the low; From hourly highs and lows on the same venue - 24h volume: 1.7×; of its prior 30-day daily average - Perpetual swap: funding near zero · open interest falling; OKX perpetual swap XLM-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. ## XLM timeline around October 29, 2026 Largest closed hourly move: -4.10%, Oct 29, 2026, 20:00–21:00 (UTC). - Oct 29, 2026, 00:00 UTC (before the largest hourly move): [Stellar's Freighter wallet rebrands as Varial with discovery focus]() · Stellar Blog — The Stellar Development Foundation's blog said the Freighter wallet is now Varial, describing it as a new name and a new focus on helping users discover and use apps, assets and opportunities across the Stellar ecosystem. 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) - [Quack AI (Q) -29.02%]() - [Pons (PONS) -21.29%]() - [Ethena (ENA) -16.29%]() - [NEAR Protocol (NEAR) -14.24%]() - [Raydium (RAY) -12.52%]() [Stellar (XLM) price and news]() [Methods and limitations]()