There is not enough price history yet to tell how much of RUNE's move followed Bitcoin; the figures below describe the move, not its cause. RUNE fell further than this on 8 of the past 29 days. 2 RUNE reports are on the timeline below: 1 published before the largest hourly move and 1 during or after it. Timing alone does not show what caused the move.
What may have driven the move
A THORChain-specific operational disruption is the clearest candidate: reports said an Ethereum reorganization caused a duplicate refund and an emergency pause. The fall may also have been amplified by long liquidations, but their timing does not establish that they started it.
May have started the movePossible
Reports published Oct 31 at 11:02 UTC said an Ethereum reorganization led to a duplicate refund and THORChain pausing operations. A disruption could weaken confidence in the protocol or demand for RUNE.
The report times are not verified event-onset times, and the evidence does not show the pause’s direct effect on RUNE or connect it to the start of the fall.
The reports do not establish when the pause began or how directly it affected RUNE demand; the liquidation data covers one venue and cannot show whether liquidations preceded or followed the fall.
Looked at the 24 hours to Nov 1, 2026, 01:07 UTC
Day open / close
$0.648 → $0.6324 hourly candles, Gate · USDT
Day range
$0.6215 – $0.7317.5% from low to high
Versus the past month
8 of the past 29 days fell further-2.88% in the 24 hours to Nov 1, 2026, 00:00 UTC, 1.4× a typical day (2.0%).
30-day range
23.3% below the high · 8.7% above the lowFrom hourly highs and lows on the same venue
24h volume
3.0×of its prior 30-day daily average
Computed from Gate · USDT hourly candles for the 24 hours to Nov 1, 2026, 00:00 UTC. Methods →
RUNE timeline around October 31, 2026
Largest closed hourly move: -5.88%, Oct 31, 2026, 16:00–17:00 (UTC).
1 sharp price swing was flagged; the largest was -5.01% in 1 minute at Oct 31, 2026, 21:52 UTC.
An analyst cited by The Block said North Korean hackers laundered $242 million of Binance loot through Tron, and that crypto bridges Relay, THORChain, Chainflip and Symbiosis moved about $140 million of the stolen funds off Tron, with…
Report summaries say what each report stated; none is presented as the cause of the price move.