--- title: "Why did PEARL drop 3.38% in 1 minute? Evidence check: Pearl falls sharply in a one-minute move while other tracked coins hold steady · 2026-10-23" description: "Pearl dropped sharply against USDT on Gate in a one-minute window, a move that stood apart from the other tracked coins: none of them moved in the same direction, and none moved further. The change coincided with Bitcoin reports from the same period noted as background, but no report in the…" language: en canonical: "https://whycoinmoves.com/en/events/pearl-2-move-1792795740" published: 2026-10-23T22:49:58.000Z updated: 2026-10-23T23:52:01.000Z indexable: true --- # Why did PEARL drop 3.38% in 1 minute? Evidence check: Pearl falls sharply in a one-minute move while other tracked coins hold steady · 2026-10-23 Pearl dropped sharply against USDT on Gate in a one-minute window, a move that stood apart from the other tracked coins: none of them moved in the same direction, and none moved further. The change coincided with Bitcoin reports from the same period noted as background, but no report in the… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts PEARL changed -3.38% in 1 minute (23/10/2026, 22:48 to 23/10/2026, 22:49, UTC; Gate · USDT). The cause remains unresolved. After site detection, observed returns were 5 minutes: 0.00% (difference from BTC +0.35 pp; 23/10/2026, 22:50 → 23/10/2026, 22:55, UTC; Gate · USDT); 1 hour: +1.17% (difference from BTC +0.83 pp; 23/10/2026, 22:50 → 23/10/2026, 23:50, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | 0.00% | -0.35% | +0.35 pp | 23/10/2026, 22:50 → 23/10/2026, 22:55 | Gate · USDT | | 1 hour | +1.17% | +0.35% | +0.83 pp | 23/10/2026, 22:50 → 23/10/2026, 23:50 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 2.0887 → 2.018 | | Return / BTC difference | -3.38% / -3.36 pp | | 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 / 23/10/2026, 22:49 | ## Claims and open questions - What would explain the drop: an exchange notice or listing change, a project announcement from Pearl, or visible on-chain flows. - Whether broader market news or a venue-specific event around the same time accounts for the move, which an official statement or exchange notice would confirm. ## Source evidence ## Recent PEARL events and market reactions - [Why did PEARL go up 2.98% in 1 minute? Evidence check: Pearl rises sharply in a one-minute move while other tracked coins stay flat · 2026-10-23]() — Received 23/10/2026, 23:30 (UTC) · Cause unresolved · Market watch · 5m -0.02% / 1h +1.95% - [Why did PEARL go up 4.44% in 5 minutes? Evidence check: Pearl rises sharply over five minutes while other tracked coins stay flat · 2026-10-23]() — Received 23/10/2026, 21:59 (UTC) · Cause unresolved · Market watch · 5m 0.00% / 1h +0.52% - [Why did PEARL drop 2.67% in 1 minute? Evidence check: Pearl price falls sharply in isolated one-minute move · 2026-10-23]() — Received 23/10/2026, 21:42 (UTC) · Cause unresolved · Market watch · 5m 0.00% / 1h +1.40% - [Why did PEARL drop 3.02% in 1 minute? Evidence check: Pearl falls sharply in one-minute move while other tracked coins hold steady · 2026-10-23]() — Received 23/10/2026, 17:44 (UTC) · Cause unresolved · Market watch · 5m 0.00% / 1h +1.37% - [Why did PEARL go up 3.08% in 1 minute? Evidence check: Pearl rises sharply in one-minute move while other tracked coins hold flat · 2026-10-23]() — Received 23/10/2026, 17:42 (UTC) · Cause unresolved · Market watch · 5m -0.02% / 1h +1.34% - [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.