--- title: "Why did IRYS go up 2.41% in 1 minute? Evidence check · 2026-10-24" description: "IRYS +2.41% in 1 minute on Gate · USDT, Oct 24 UTC: no news found. IRYS changed +2.41% over a 1-minute sampled interval on Gate · USDT. Cause unresolved; nearby reports do not establish causation." language: en canonical: "https://whycoinmoves.com/en/events/irys-move-1792835700" published: 2026-10-24T09:56:00.000Z updated: 2026-10-25T09:57:04.000Z indexable: true --- # Why did IRYS go up 2.41% in 1 minute? Evidence check · 2026-10-24 IRYS +2.41% in 1 minute on Gate · USDT, Oct 24 UTC: no news found. IRYS changed +2.41% over a 1-minute sampled interval on Gate · USDT. Cause unresolved; nearby reports do not establish causation. Nearby report sources (context, not confirmed causes): No matching source available ## Key facts IRYS changed +2.41% in 1 minute (24/10/2026, 09:54 to 24/10/2026, 09:55, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap IRYS-USDT-SWAP around the alert: funding rate +0.0023% per 2h period; liquidations $31,675 long / $0 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: -0.40% (difference from BTC -0.42 pp; 24/10/2026, 09:56 → 24/10/2026, 10:01, UTC; Gate · USDT); 1 hour: -4.18% (difference from BTC -4.18 pp; 24/10/2026, 09:56 → 24/10/2026, 10:56, UTC; Gate · USDT); 24 hours: -48.26% (difference from BTC -47.90 pp; 24/10/2026, 09:56 → 25/10/2026, 09:56, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.40% | +0.02% | -0.42 pp | 24/10/2026, 09:56 → 24/10/2026, 10:01 | Gate · USDT | | 1 hour | -4.18% | +0.01% | -4.18 pp | 24/10/2026, 09:56 → 24/10/2026, 10:56 | Gate · USDT | | 24 hours | -48.26% | -0.36% | -47.90 pp | 24/10/2026, 09:56 → 25/10/2026, 09:56 | Gate · USDT | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 0.0655 → 0.06708 | | Return / BTC difference | +2.41% / +2.43 pp | | OKX perpetual funding rate (per period) | 0.0023% / 2h · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 09:56 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | Observed long liquidations | $31,675 · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 09:56 (UTC) · 24/10/2026, 09:54 → 24/10/2026, 09:56 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Observed short liquidations | $0 · OKX · IRYS-USDT-SWAP · sampled 24/10/2026, 09:56 (UTC) · 24/10/2026, 09:54 → 24/10/2026, 09:56 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Detection threshold | 2.1281347513777695% | | 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, 09:55 | ## Claims and open questions - No independently verified causal explanation is available. ## Source evidence ## Recent IRYS events and market reactions - [Why did IRYS drop 4.29% in 5 minutes? Evidence check: Irys falls sharply in five-minute window while other tracked coins barely move · 2026-10-25]() — Received 25/10/2026, 14:09 (UTC) · Cause unresolved · Market watch · 5m +0.37% - [Why did IRYS go up 2.65% in 1 minute? Evidence check: Irys rises sharply in a one-minute move while other tracked coins stay flat · 2026-10-25]() — Received 25/10/2026, 13:16 (UTC) · Cause unresolved · Market watch · 5m -0.06% / 1h +9.21% - [Why did IRYS drop 2.61% in 1 minute? Evidence check: Irys falls sharply in one-minute move while other tracked coins stay flat · 2026-10-25]() — Received 25/10/2026, 08:50 (UTC) · Cause unresolved · Market watch · 5m -1.03% / 1h -0.89% - [Why did IRYS drop 4.85% in 5 minutes? Evidence check: Irys falls sharply over five minutes while other tracked coins barely move · 2026-10-25]() — Received 25/10/2026, 06:31 (UTC) · Cause unresolved · Market watch · 5m -1.83% / 1h -5.70% - [Why did IRYS go up 18.62% in 60 minutes? Evidence check · 2026-10-25]() — Received 25/10/2026, 03:03 (UTC) · Cause unresolved · Market watch · 5m -1.44% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Do XRP and Solana ETF flows move the price? First-year data]() - [Crypto liquidity and order book depth: a historical data audit]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.