--- title: "Why did ZEC drop 1.31% in 1 minute? Evidence check: Zcash falls in one-minute move as most tracked coins decline · 2026-10-24" description: "ZEC -1.31% in 1 minute on Gate · USDT, Oct 24 UTC: moved with the market. Zcash dropped in a one-minute move on Gate's USDT market, while most other tracked coins also fell and few moved the opposite way; none of them moved further. No report in the monitored feeds explains the move, so its cause…" language: en canonical: "https://whycoinmoves.com/en/events/zcash-move-1792851360" published: 2026-10-24T14:17:01.000Z updated: 2026-10-24T15:19:03.000Z indexable: true --- # Why did ZEC drop 1.31% in 1 minute? Evidence check: Zcash falls in one-minute move as most tracked coins decline · 2026-10-24 ZEC -1.31% in 1 minute on Gate · USDT, Oct 24 UTC: moved with the market. Zcash dropped in a one-minute move on Gate's USDT market, while most other tracked coins also fell and few moved the opposite way; none of them moved further. No report in the monitored feeds explains the move, so its cause… Nearby report sources (context, not confirmed causes): No matching source available ## Key facts ZEC changed -1.31% in 1 minute (24/10/2026, 14:15 to 24/10/2026, 14:16, UTC; Gate · USDT). The cause remains unresolved. On the OKX perpetual swap ZEC-USDT-SWAP around the alert: funding rate +0.0083% per 8h period; liquidations at least $345,321 long / at least $22 short (UTC). These are conditions that accompanied the move, not its cause. After site detection, observed returns were 5 minutes: +0.60% (difference from BTC +0.45 pp; 24/10/2026, 14:18 → 24/10/2026, 14:23, UTC; Gate · USDT); 1 hour: -0.37% (difference from BTC +0.47 pp; 24/10/2026, 14:18 → 24/10/2026, 15:18, UTC; Gate · USDT). Unlisted windows are unavailable. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.60% | +0.15% | +0.45 pp | 24/10/2026, 14:18 → 24/10/2026, 14:23 | Gate · USDT | | 1 hour | -0.37% | -0.84% | +0.47 pp | 24/10/2026, 14:18 → 24/10/2026, 15:18 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Detected price interval | Metric | Value | | --- | --- | | Window | 1 min | | Sampled prices | 1142.83 → 1127.81 | | Return / BTC difference | -1.31% / -1.01 pp | | OKX perpetual funding rate (per period) | 0.0083% / 8h · OKX · ZEC-USDT-SWAP · sampled 24/10/2026, 14:17 (UTC) · Rate observed at collection; not annualized yield or a realized settlement. | | Observed long liquidations | At least $345,321 · OKX · ZEC-USDT-SWAP · sampled 24/10/2026, 14:17 (UTC) · 24/10/2026, 14:15 → 24/10/2026, 14:17 (UTC) · API coverage is incomplete; this is a lower bound, including when zero is observed. | | Observed short liquidations | At least $22 · OKX · ZEC-USDT-SWAP · sampled 24/10/2026, 14:17 (UTC) · 24/10/2026, 14:15 → 24/10/2026, 14:17 (UTC) · API coverage is incomplete; this is a lower bound, including when zero is observed. | | Detection threshold | 0.7% | | 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, 14:16 | ## Claims and open questions - Whether an exchange listing or notice, a project announcement, on-chain flows or broader market news would explain the move. ## Source evidence ## Recent ZEC events and market reactions - [Why did ZEC go up 0.73% in 1 minute? Evidence check: Zcash rises in a one-minute move as most tracked coins advance · 2026-10-24]() — Received 24/10/2026, 14:29 (UTC) · Cause unresolved · Market watch · 5m +0.06% / 1h -1.47% - [Why did ZEC drop 1.90% in 5 minutes? Evidence check: Zcash falls sharply in five-minute move as long liquidations hit · 2026-10-23]() — Received 23/10/2026, 22:33 (UTC) · Cause unresolved · Market watch · 5m -0.91% / 1h -1.80% - [Why did ZEC drop 0.74% in 1 minute? Evidence check: Zcash falls in a one-hour move as other tracked coins are mixed · 2026-10-23]() — Received 23/10/2026, 01:48 (UTC) · Cause unresolved · Market watch · 5m -0.50% / 1h -0.50% / 24h -4.56% - [Zakura proposes per-swap keys to stop future quantum computers linking Zcash swaps]() — Published 19/10/2026, 05:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.51% / 1h -0.39% - [Full coin archive]() ## Research for this archive - [Monero XMR and Zcash ZEC: delistings, liquidity and USD vs USDT]() - [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]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.