--- title: "Why did THORChain drop 12.4% on November 1, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/thorchain/2026-11-01" date: 2026-11-01 --- # Why did THORChain drop 12.4% on November 1, 2026? THORChain’s swap pause after a reported reorganization bug may have weighed on RUNE. The move was coin-specific: Bitcoin rose while RUNE fell. RUNE fell from its 24-hour high to near its low, with only a small rebound. On November 1, 2026 (UTC), RUNE went from about $0.631 to $0.5521 (-12.37%) on Gate · USDT, trading between $0.5501 and $0.6485. 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. This is RUNE's largest 24-hour fall in 29 days. 2 RUNE reports are on the timeline below: 0 published before the largest hourly move and 2 during or after it. Timing alone does not show what caused the move. Since 2020-12-17, RUNE has fallen 10% or more in a UTC day 57 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 21 of 57 cases, with a median change of -2.67%. This is history, not a forecast. ## What may be driving the move THORChain’s swap pause after a reported reorganization bug may have weighed on RUNE. The move was coin-specific: Bitcoin rose while RUNE fell. RUNE fell from its 24-hour high to near its low, with only a small rebound. - trigger · medium: Reports at Nov 1, 17:06 UTC and Nov 2, 01:51 UTC described THORChain pausing swaps across multiple networks after a reorganization bug. The disruption and scrutiny could have hurt confidence in RUNE, but the timing of the actual pause relative to the fall is unclear. Evidence gap: No verified onset time or direct evidence connects the pause to selling; the reports do not establish when the price fall began. Sources: [S11](), [S13](), [S16]() - amplifier · low: Long liquidations on Gate and falling open interest are consistent with leveraged positions being reduced, which may have amplified downward pressure. The largest liquidation hour was Nov 1, 11:00 UTC. Evidence gap: The reported liquidation total was modest and covers one venue; these data do not show whether liquidations followed or intensified the fall. Sources: [S1](), [S3]() Open question: The onset is unknown, so the reports do not establish when the pause began or how much it contributed to the fall. Analysis generated: 2026-11-02T02:02:11.000Z; evidence window: 2026-11-01T02:01:57.000Z → 2026-11-02T02:01:57.000Z. - Day open / close: $0.631 → $0.5521 (24 hourly candles, Gate · USDT) - Day range: $0.5501 – $0.6485 - Versus the past month: Its largest 24h fall in 29 days; -12.37% in the 24 hours to Nov 2, 2026, 00:00 UTC, 6.1× a typical day (2.0%). - 30-day range: 32.8% below the high · 0.4% above the low; From hourly highs and lows on the same venue - 24h volume: 5.6×; of its prior 30-day daily average - Where it traded: Binance 26% · WhiteBIT 9% · BTCC 9% Computed from Gate · USDT hourly candles for the 24 hours to Nov 2, 2026, 00:00 UTC. ## RUNE timeline around November 1, 2026 Largest closed hourly move: -4.01%, Nov 1, 2026, 00:00–01:00 (UTC). - Nov 1, 2026, 18:25 UTC (after the largest hourly move): [Analyst says North Korean hackers laundered $242 million via Tron as FBI presses THORChain]() · The Block — 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… - Nov 2, 2026, 01:51 UTC (after the largest hourly move): [THORChain pauses swaps across 10 networks after block reorg bug]() · Cointelegraph — THORChain node operators paused swaps involving assets on 10 networks, including Bitcoin, Ethereum, Solana and Tron, after a block reorg bug, Cointelegraph reported. ## How often has this happened before? Since 2020-12-17, RUNE has fallen 10% or more in a UTC day 57 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 21 of 57 cases, with a median change of -2.67%. This is history, not a forecast. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 57 | 22 | -0.67% | | 7 days later | 57 | 21 | -2.67% | | 30 days later | 57 | 22 | -13.55% | Episodes: 2026-06-05, 2026-05-15, 2026-02-05, 2025-10-10, 2025-05-30, 2025-05-23, 2025-03-10, 2025-02-27, 2025-01-28, 2025-01-19 (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 · 2026-11-01 (UTC) - [Infinity Ground (AIN) +23.51%]() - [Akedo (AKE) -20.25%]() - [Plasma (XPL) -12.48%]() - [TRON (TRX) +3.29%]() [THORChain (RUNE) price and news]() [Methods and limitations]()