🔎 Why hasn’t $ONE kept pace with the rise in some cryptocurrencies? And is the network migration related?
According to Binance snapshots from the morning of October 16, the price was around 0.001526 USDT, below the EMA7, EMA25, and EMA99 on the daily chart, indicating that the downtrend remains weak.
📊 The visible flow data shows net selling of around 54.54 million ONE, including 19.39 million ONE in large orders. This is trading data from within the platform, not evidence of funds leaving the network or whale manipulation.
As for the migration: on October 14, KuCoin announced that it had completed the 1:1 migration of ONE to the Ethereum network and enabled deposits and withdrawals on it. The announcement applies to KuCoin.
Could uncertainty around the migration be affecting demand? That’s possible, but we can’t say for certain that it caused the decline. And completing the migration by itself doesn’t guarantee a price increase.
So far, the chart shows weakness and selling pressure; a rise in the rest of the market alone isn’t enough to guarantee that ONE will climb.
What do you think is the biggest factor: project developments or weak demand?
Source: KuCoin’s official announcement dated October 14, 2026, and the data in the attached images.
According to Binance snapshots from the morning of October 16, the price was around 0.001526 USDT, below the EMA7, EMA25, and EMA99 on the daily chart, indicating that the downtrend remains weak.
📊 The visible flow data shows net selling of around 54.54 million ONE, including 19.39 million ONE in large orders. This is trading data from within the platform, not evidence of funds leaving the network or whale manipulation.
As for the migration: on October 14, KuCoin announced that it had completed the 1:1 migration of ONE to the Ethereum network and enabled deposits and withdrawals on it. The announcement applies to KuCoin.
Could uncertainty around the migration be affecting demand? That’s possible, but we can’t say for certain that it caused the decline. And completing the migration by itself doesn’t guarantee a price increase.
So far, the chart shows weakness and selling pressure; a rise in the rest of the market alone isn’t enough to guarantee that ONE will climb.
What do you think is the biggest factor: project developments or weak demand?
Source: KuCoin’s official announcement dated October 14, 2026, and the data in the attached images.