--- title: "Why did IRYS go up 2.82% in 1 minute? Evidence check: Irys rises sharply in one minute while other tracked coins stay flat · 2026-10-25" description: "IRYS +2.82% in 1 minute on Gate · USDT, Oct 25 UTC: no news found. Irys rose in an isolated one-minute move on Gate's USDT market, against a very small pullback in Bitcoin. None of the other tracked coins moved in the same direction, none moved further, and none moved the opposite way. On OKX's…" language: en canonical: "https://whycoinmoves.com/en/events/irys-move-1792886400" published: 2026-10-25T00:01:00.000Z updated: 2026-10-25T01:03:03.000Z indexable: true --- # Why did IRYS go up 2.82% in 1 minute? Evidence check: Irys rises sharply in one minute while other tracked coins stay flat · 2026-10-25 IRYS +2.82% in 1 minute on Gate · USDT, Oct 25 UTC: no news found. Irys rose in an isolated one-minute move on Gate's USDT market, against a very small pullback in Bitcoin. None of the other tracked coins moved in the same direction, none moved further, and none moved the opposite way. On OKX's… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts IRYS changed +2.82% in 1 minute (24/10/2026, 23:59 to 25/10/2026, 00:00, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap IRYS-USDT-SWAP around the alert: funding rate -0.0608% per 4h period; open interest +0.42% (24/10/2026, 23:55 → 25/10/2026, 00:00); liquidations $181 long / $0 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: +9.64% (difference from BTC +9.67 pp; 25/10/2026, 00:02 → 25/10/2026, 00:07, UTC; Gate · USDT); 1 hour: -12.69% (difference from BTC -12.69 pp; 25/10/2026, 00:02 → 25/10/2026, 01:02, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +9.64% | -0.03% | +9.67 pp | 25/10/2026, 00:02 → 25/10/2026, 00:07 | Gate · USDT | | 1 hour | -12.69% | -0.01% | -12.69 pp | 25/10/2026, 00:02 → 25/10/2026, 01:02 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 0.0404 → 0.04154 | | Return / BTC difference | +2.82% / +2.86 pp | | OKX perpetual funding rate (per period) | -0.0608% / 4h · OKX · IRYS-USDT-SWAP · sampled 25/10/2026, 00:02 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | OKX perpetual open interest change | +0.42% · OKX · IRYS-USDT-SWAP · sampled 25/10/2026, 00:02 (UTC) · 24/10/2026, 23:55 → 25/10/2026, 00:00 (UTC) · OI measured in coin units, not dollar value. | | Observed long liquidations | $181 · OKX · IRYS-USDT-SWAP · sampled 25/10/2026, 00:02 (UTC) · 24/10/2026, 23:59 → 25/10/2026, 00:01 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Observed short liquidations | $0 · OKX · IRYS-USDT-SWAP · sampled 25/10/2026, 00:02 (UTC) · 24/10/2026, 23:59 → 25/10/2026, 00:01 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Detection threshold | 2% | | 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 / 25/10/2026, 00:00 | ## Claims and open questions - Whether an exchange listing or notice, a project announcement, on-chain flows or broader market news explains the rise ## Source evidence ## Recent IRYS events and market reactions - [Why did IRYS go up 3.18% in 1 minute? Evidence check · 2026-10-25]() — Received 25/10/2026, 02:03 (UTC) · Cause unresolved · Market watch · 5m +4.84% - [Why did IRYS drop 16.95% in 60 minutes? Evidence check: Irys falls in an isolated move with no report explaining it · 2026-10-25]() — Received 25/10/2026, 01:18 (UTC) · Cause unresolved · Market watch · 5m -0.45% / 1h +4.05% - [Why did IRYS drop 4.05% in 1 minute? Evidence check: Irys falls sharply in a one-minute move while other tracked coins hold steady · 2026-10-25]() — Received 25/10/2026, 00:17 (UTC) · Cause unresolved · Market watch · 5m -12.37% / 1h -17.93% - [Why did IRYS drop 9.01% in 5 minutes? Evidence check: Irys falls sharply in five-minute move while other tracked coins stay flat · 2026-10-24]() — Received 24/10/2026, 18:34 (UTC) · Cause unresolved · Market watch · 5m -0.22% / 1h -0.67% - [Why did IRYS drop 2.16% in 1 minute? Evidence check: Irys falls sharply in one minute while most other tracked coins move differently · 2026-10-24]() — Received 24/10/2026, 15:17 (UTC) · Cause unresolved · Market watch · 5m -0.33% / 1h -11.33% - [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.