--- title: "Why did PEARL drop 2.55% in 1 minute? Evidence check: Pearl falls sharply in one-minute move while other tracked coins hold steady · 2026-10-24" description: "Pearl dropped sharply over a one-minute window on Gate's USDT market, far outpacing Bitcoin, which was essentially flat. Most other tracked coins did not move in the same direction, so the move was isolated to Pearl. No report in the monitored feeds explains it, leaving the cause unresolved." language: en canonical: "https://whycoinmoves.com/en/events/pearl-2-move-1792806000" published: 2026-10-24T01:40:58.000Z updated: 2026-10-24T02:42:59.000Z indexable: true --- # Why did PEARL drop 2.55% in 1 minute? Evidence check: Pearl falls sharply in one-minute move while other tracked coins hold steady · 2026-10-24 Pearl dropped sharply over a one-minute window on Gate's USDT market, far outpacing Bitcoin, which was essentially flat. Most other tracked coins did not move in the same direction, so the move was isolated to Pearl. No report in the monitored feeds explains it, leaving the cause unresolved. Nearby report sources (context, not confirmed causes): No matching source available ## Key facts PEARL changed -2.55% in 1 minute (24/10/2026, 01:39 to 24/10/2026, 01:40, UTC; Gate · USDT). The cause remains unresolved. After site detection, observed returns were 5 minutes: 0.00% (difference from BTC -0.04 pp; 24/10/2026, 01:41 → 24/10/2026, 01:46, UTC; Gate · USDT); 1 hour: -1.94% (difference from BTC -2.09 pp; 24/10/2026, 01:41 → 24/10/2026, 02:41, 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% | +0.04% | -0.04 pp | 24/10/2026, 01:41 → 24/10/2026, 01:46 | Gate · USDT | | 1 hour | -1.94% | +0.15% | -2.09 pp | 24/10/2026, 01:41 → 24/10/2026, 02:41 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 2.1037 → 2.0501 | | Return / BTC difference | -2.55% / -2.55 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 / 24/10/2026, 01:40 | ## Claims and open questions - Whether an exchange listing, delisting or notice concerning Pearl was published around this time - Whether a project announcement, on-chain flow or broader market news accounts for the move ## 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 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]() — Received 23/10/2026, 22:49 (UTC) · Cause unresolved · Market watch · 5m 0.00% / 1h +1.17% - [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% - [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.