--- title: "Why did IRYS go up 2.81% in 1 minute? Evidence check: Irys rises sharply in one-minute move while other tracked coins stay flat · 2026-10-24" description: "Irys rose sharply within a one-minute window on Gate's USDT market, an isolated move as none of the other tracked coins moved in the same direction. On OKX, the perpetual swap carried positive funding with no liquidations reported, and no report in the monitored feeds explains the move, leaving the…" language: en canonical: "https://whycoinmoves.com/en/events/irys-move-1792829700" published: 2026-10-24T08:15:59.000Z updated: 2026-10-24T09:18:02.000Z indexable: true --- # Why did IRYS go up 2.81% in 1 minute? Evidence check: Irys rises sharply in one-minute move while other tracked coins stay flat · 2026-10-24 Irys rose sharply within a one-minute window on Gate's USDT market, an isolated move as none of the other tracked coins moved in the same direction. On OKX, the perpetual swap carried positive funding with no liquidations reported, and no report in the monitored feeds explains the move, leaving the… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts IRYS changed +2.81% in 1 minute (24/10/2026, 08:14 to 24/10/2026, 08:15, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap IRYS-USDT-SWAP around the alert: funding rate +0.0025% per 2h period; liquidations $0 long / $0 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: +1.57% (difference from BTC +1.62 pp; 24/10/2026, 08:16 → 24/10/2026, 08:21, UTC; Gate · USDT); 1 hour: -4.43% (difference from BTC -4.22 pp; 24/10/2026, 08:16 → 24/10/2026, 09:16, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +1.57% | -0.05% | +1.62 pp | 24/10/2026, 08:16 → 24/10/2026, 08:21 | Gate · USDT | | 1 hour | -4.43% | -0.20% | -4.22 pp | 24/10/2026, 08:16 → 24/10/2026, 09:16 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 0.07684 → 0.079 | | Return / BTC difference | +2.81% / +2.80 pp | | OKX perpetual funding rate (per period) | 0.0025% / 2h · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 08:16 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | Observed long liquidations | $0 · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 08:16 (UTC) · 24/10/2026, 08:14 → 24/10/2026, 08:16 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Observed short liquidations | $0 · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 08:16 (UTC) · 24/10/2026, 08:14 → 24/10/2026, 08:16 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Detection threshold | 2.26978179239363% | | Source | Gate · USDT | [Research: announcement timing and causality]() ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | false | | Coverage | 0.0% (0/720) | | Median absolute hourly return | — | | 99th percentile of absolute hourly returns | — | | BTC beta | — | | Source / cutoff (UTC) | Gate · USDT / 24/10/2026, 08:15 | ## Claims and open questions - What triggered the move, such as an exchange listing or notice, a project announcement, on-chain flows, or broader market news. ## Source evidence ## Recent IRYS events and market reactions - [Why did IRYS drop 16.21% in 60 minutes? Evidence check: Irys falls sharply in an isolated one-hour move · 2026-10-24]() — Received 24/10/2026, 10:07 (UTC) · Cause unresolved · Market watch · 5m -1.54% - [Why did IRYS go up 2.41% in 1 minute? Evidence check · 2026-10-24]() — Received 24/10/2026, 09:56 (UTC) · Cause unresolved · Market watch · 5m -0.40% - [Why did IRYS drop 5.98% in 5 minutes? Evidence check: Irys falls sharply in five-minute move while most tracked coins hold steady · 2026-10-24]() — Received 24/10/2026, 08:04 (UTC) · Cause unresolved · Market watch · 5m -3.62% / 1h +0.36% - [Why did IRYS drop 18.19% in 60 minutes? Evidence check: Irys falls sharply in an isolated move while most tracked coins hold or rise · 2026-10-24]() — Received 24/10/2026, 03:16 (UTC) · Cause unresolved · Market watch · 5m +0.58% / 1h +1.80% - [Why did IRYS go up 17.82% in 60 minutes? Evidence check: Irys rises sharply in an isolated one-hour move · 2026-10-24]() — Received 24/10/2026, 02:23 (UTC) · Cause unresolved · Market watch · 5m -0.85% / 1h -16.40% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Crypto liquidity and order book depth: a historical data audit]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.