---
title: "Why did TRON go up 9.3% on October 29, 2026?"
language: en
canonical: "https://whycoinmoves.com/en/coins/tron/2026-10-29"
date: 2026-10-29
---

# Why did TRON go up 9.3% on October 29, 2026?

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. On October 29, 2026 (UTC), TRX went from about $0.32973 to $0.3605 (+9.31%) on OKX · USDT, trading between $0.32865 and $0.37589. 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. Since 2017-11-17, TRX has risen 7% or more in a UTC day 103 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 53 of 103 cases, with a median change of +0.14%. This is history, not a forecast.

## What may be driving the move

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.

- trigger · medium: 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.
  Evidence gap: The report’s timing relative to the move’s onset is unknown, and the launch was also reported before this 24-hour period.
  Sources: [S13](<https://tradersunion.com/news/cryptocurrency-news/show/4022683-tron-jumps-5-1percent-after-trx/>)

- amplifier · medium: 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.
  Evidence gap: Liquidations are not independently verified here, and funding or open interest does not establish direction or prove liquidations caused the rise.
  Sources: [S10](<https://news.google.com/rss/articles/CBMinAFBVV95cUxQSUNfaU0xUXhKandwaDRmeUVpV0lGWmpLYXFLbXI4UVpkQzlJWGFNSF9lXzRLRGRhY1ZHUW9LOTRJV193RW5oOGNIaWx5Y3NYcl95bFBxemRNUEw1OWpoU200djE4UXNjOFhpZnVfS0RBVEVTZ2xJaVVnM010cVl5VUsta0ZrVHRycXRtaGFXdjJiS180TUJSR25wRXg?oc=5>), [S5](<https://www.okx.com/api/v5/public/funding-rate-history?instId=TRX-USDT-SWAP&limit=8>), [S6](<https://www.okx.com/api/v5/public/funding-rate?instId=TRX-USDT-SWAP>), [S7](<https://www.okx.com/api/v5/rubik/stat/contracts/open-interest-history?instId=TRX-USDT-SWAP&period=1H&limit=26>), [S8](<https://www.okx.com/api/v5/rubik/stat/taker-volume-contract?instId=TRX-USDT-SWAP&period=1H&limit=50>)

Open question: Did the options launch prompt fresh demand, and did short liquidations amplify the move? The timing and causal links are not established.

Analysis generated: 2026-10-30T01:35:11.000Z; evidence window: 2026-10-29T01:34:57.000Z → 2026-10-30T01:34:57.000Z.

- Day open / close: $0.32973 → $0.3605 (24 hourly candles, OKX · USDT)
- Day range: $0.32865 – $0.37589
- Versus Bitcoin: +9.31% / BTC -4.11%; About +9.9 points of the move is its own after allowing for Bitcoin
- Versus the past month: Its largest 24h rise in 29 days; +9.31% in the 24 hours to Oct 30, 2026, 00:00 UTC, 24.7× a typical day (0.4%).
- 30-day range: 4.1% below the high · 10.3% above the low; From hourly highs and lows on the same venue
- Other tracked coins: 1 of 26 others also rose 3.1% or more; 24 fell that much
- 24h volume: 6.6×; of its prior 30-day daily average
- Perpetual swap: funding strongly negative · open interest rising; OKX perpetual swap TRX-USDT-SWAP

Computed from OKX · USDT hourly candles for the 24 hours to Oct 30, 2026, 00:00 UTC.

## TRX timeline around October 29, 2026

Largest closed hourly move: +10.72%, Oct 29, 2026, 21:00–22:00 (UTC).


## How often has this happened before?

Since 2017-11-17, TRX has risen 7% or more in a UTC day 103 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 53 of 103 cases, with a median change of +0.14%. This is history, not a forecast.

| After the move | Cases | Higher | Median change |
| --- | --- | --- | --- |
| Next day | 103 | 46 | -1.58% |
| 7 days later | 103 | 53 | +0.14% |
| 30 days later | 103 | 54 | +1.40% |

Episodes: 2025-03-18, 2025-01-15, 2024-12-03, 2024-11-12, 2024-08-20, 2024-03-20, 2023-11-10, 2023-06-02, 2023-03-23, 2023-03-12 (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)

- [Quack AI (Q) -29.02%](<https://whycoinmoves.com/en/coins/quack-ai/2026-10-29>)
- [Pons (PONS) -21.29%](<https://whycoinmoves.com/en/coins/pons/2026-10-29>)
- [Ethena (ENA) -16.29%](<https://whycoinmoves.com/en/coins/ethena/2026-10-29>)
- [NEAR Protocol (NEAR) -14.24%](<https://whycoinmoves.com/en/coins/near/2026-10-29>)
- [Raydium (RAY) -12.52%](<https://whycoinmoves.com/en/coins/raydium/2026-10-29>)

[TRON (TRX) price and news](<https://whycoinmoves.com/en/coins/tron>)
[Methods and limitations](<https://whycoinmoves.com/en/methodology>)