TRX's move differs substantially from its BTC-based estimate; the cause is unresolved. This is TRX's largest 24-hour rise in 29 days. No TRX report was collected from the day before to the day after; the cause is unresolved.
A TRX options-access report and signs of derivatives positioning may have contributed to the rise, but the available evidence does not establish what started it. The price also spiked and then fell back from its high.
A report at Oct 29, 15:09 UTC said Blockchain.com had launched TRX options trading. The added access could have encouraged interest, but the report does not show actual purchases.
The report’s timing relative to the move’s onset is unknown, and the launch was also reported before this 24-hour period.
At Oct 29, 22:30 UTC, a report described a sharp rise amid heavy short liquidations. This could indicate forced buying amplifying an existing rise; negative funding and higher open interest also show unusual derivatives conditions.
Liquidations are not independently verified here, and funding or open interest does not establish direction or prove liquidations caused the rise.
Did the options launch prompt fresh demand, and did short liquidations amplify the move? The timing and causal links are not established.
Looked at the 24 hours to Oct 30, 2026, 01:34 UTC
Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC. Methods →
Largest closed hourly move: +10.72%, Oct 29, 2026, 21:00–22:00 (UTC).
3 sharp price swings were flagged; the largest was +12.54% in 1 hour at Oct 29, 2026, 22:04 UTC.