--- title: "Why did SUI drop 1.96% in 5 minutes? Evidence check: Sui falls in a five-minute move as most tracked coins decline · 2026-10-24" description: "SUI -1.96% in 5 minutes on Gate · USDT, Oct 24 UTC: moved with the market. Sui dropped over a five-minute window on Gate's SUI/USDT market, outpacing Bitcoin's smaller decline and moving alongside most other tracked coins. No report in the monitored feeds explains the move, so its cause is…" language: en canonical: "https://whycoinmoves.com/en/events/sui-move-1792851480" published: 2026-10-24T14:19:01.000Z updated: 2026-10-24T15:20:59.000Z indexable: true --- # Why did SUI drop 1.96% in 5 minutes? Evidence check: Sui falls in a five-minute move as most tracked coins decline · 2026-10-24 SUI -1.96% in 5 minutes on Gate · USDT, Oct 24 UTC: moved with the market. Sui dropped over a five-minute window on Gate's SUI/USDT market, outpacing Bitcoin's smaller decline and moving alongside most other tracked coins. No report in the monitored feeds explains the move, so its cause is… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts SUI changed -1.96% in 5 minutes (24/10/2026, 14:13 to 24/10/2026, 14:18, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap SUI-USDT-SWAP around the alert: funding rate +0.0045% per 8h period; open interest -0.33% (24/10/2026, 14:10 → 24/10/2026, 14:20); liquidations $313,218 long / $0 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: -0.47% (difference from BTC -0.22 pp; 24/10/2026, 14:20 → 24/10/2026, 14:26, UTC; Gate · USDT); 1 hour: -1.54% (difference from BTC -0.28 pp; 24/10/2026, 14:20 → 24/10/2026, 15:20, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.47% | -0.25% | -0.22 pp | 24/10/2026, 14:20 → 24/10/2026, 14:26 | Gate · USDT | | 1 hour | -1.54% | -1.26% | -0.28 pp | 24/10/2026, 14:20 → 24/10/2026, 15:20 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 5 min | | Sampled prices | 0.9384 → 0.92 | | Return / BTC difference | -1.96% / -1.37 pp | | OKX perpetual funding rate (per period) | 0.0045% / 8h · OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | OKX perpetual open interest change | -0.33% · OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:10 → 24/10/2026, 14:20 (UTC) · OI measured in coin units, not dollar value. | | Observed long liquidations | $313,218 · OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:13 → 24/10/2026, 14:19 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Observed short liquidations | $0 · OKX · SUI-USDT-SWAP · sampled 24/10/2026, 14:21 (UTC) · 24/10/2026, 14:13 → 24/10/2026, 14:19 (UTC) · Returned API records cover this sampled interval; not market-wide totals. | | Detection threshold | 1.5% | | 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, 14:18 | ## Claims and open questions - Whether an exchange listing, notice or project announcement around this time could explain the drop - Whether on-chain flows or broader market news account for the move ## Source evidence ## Recent SUI events and market reactions - [Why did SUI drop 0.71% in 1 minute? Evidence check: Sui falls in a sharp one-hour drop as most tracked coins decline together · 2026-10-20]() — Received 20/10/2026, 16:17 (UTC) · Cause unresolved · Market watch · 5m -0.22% / 1h +0.65% / 24h +3.59% - [Why did SUI drop 0.98% in 1 minute? Evidence check: Sui falls in a sharp one-hour drop alongside most tracked coins · 2026-10-20]() — Received 20/10/2026, 15:13 (UTC) · Cause unresolved · Market watch · 5m +0.49% / 1h +0.48% / 24h +3.72% - [Why did SUI go up 1.02% in 1 minute? Evidence check: Sui rises in a sharp hourly move alongside most tracked coins · 2026-10-20]() — Received 20/10/2026, 14:07 (UTC) · Cause unresolved · Market watch · 5m +0.34% / 1h +0.23% / 24h -0.60% - [Full coin archive]() ## Research for this archive - [Do token unlocks lower prices? SUI, SOL and high FDV claims]() - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.