Proof · Brief

What CoinGraph said about the-open-network, exactly as issued.

Issued 2026-10-17 23:36:20 UTC · id 1898

GRAM down ~2% in an hour on half-normal Binance volume; no leverage or flow cause seen

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60 source calls recorded around issue time

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a35e58b81034e07a6294768093208a5dd8a74b526c180a714a9a92b6b4b70d91

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curl -s https://coingraph.ai/api/v1/verify/1898

Source calls behind it

ProviderEndpointAt (UTC)LatencyOK
ccxt:binanceusdmklines:1m23:36:178121 ms✓
ccxt:binanceklines:1m23:36:145416 ms✓
ccxt:okxklines:1m23:36:085401 ms✓
ccxt:bybitklines:1m23:36:08865 ms✓
ccxt:gateklines:1m23:36:071362 ms✓
ccxt:krakenklines:1m23:36:073962 ms✓
coingecko/coins/markets23:35:41406 ms✓
ccxt:binanceusdmfuturesSentiment:5m23:35:3132929 ms✓
nownodeseth-archive:eth_call:balanceOf23:35:29313 ms✓
nownodeseth:/address/{wallet}:investigation23:35:271772 ms✓
nownodeseth-archive:eth_call:balanceOf23:35:27209 ms✓
nownodeseth:/address/{wallet}:investigation23:35:26290 ms✓
nownodeseth-archive:eth_call:balanceOf23:35:25659 ms✓
nownodeseth:/address/{wallet}:investigation23:35:25677 ms✓
ccxt:binanceusdmklines:1m23:35:238762 ms✓
ccxt:binanceusdmopenInterestHist:5m23:35:2110804 ms✓
ccxt:binanceklines:1m23:35:186618 ms✓
ccxt:bybitfetchFundingRates23:35:17137 ms✓
ccxt:okxfetchFundingRates23:35:16220 ms✓
ccxt:binanceusdmfetchFundingRates23:35:15138 ms✓
ccxt:okxklines:1m23:35:081451 ms✓
ccxt:bybitklines:1m23:35:08876 ms✓
ccxt:gateklines:1m23:35:08809 ms✓
ccxt:krakenklines:1m23:35:074157 ms✓
coingecko/coins/markets23:34:41413 ms✓
The exact object (10,921 bytes)
{
  "id": "1898",
  "token": {
    "id": "the-open-network"
  },
  "headline": "GRAM down ~2% in an hour on half-normal Binance volume; no leverage or flow cause seen",
  "brief": {
    "caveats": [
      "The data has no native TON-chain flows. ETH onchain data for GRAM is tiny and not representative.",
      "E1 shows high, low and price rounded to $1.4 in the summary line; the raw data gives $1.37/$1.35.",
      "The 21:39 signal reports a 15m return (-2.19%) larger than its 1h return (-1.47%), so the alert data may be inconsistent.",
      "Most Binance positioning fields are null.",
      "No news or event data was included, so a catalyst cannot be ruled out.",
      "Evidence was gathered about 1.7h after the window ended. Open interest, funding and sentiment snapshots are as of ~23:30, not the window itself."
    ],
    "onchain": [
      {
        "text": "Ethereum-wrapped GRAM activity is negligible: 110 transfers worth $1.8K, with zero exchange inflow or outflow and no large transfers. It says little about native TON-chain flows, which this evidence does not cover.",
        "evidence": [
          "E7"
        ]
      },
      {
        "text": "Known exchange wallets on ETH hold only 133 GRAM (about $179), with 0% change over 24h at Gate, Kraken and MEXC.",
        "evidence": [
          "E8"
        ]
      }
    ],
    "summary": "GRAM slid from about $1.37 to $1.35 (-1.46%) over the window. Most of the drop came after 21:30, and a 1h return of -2.19% at 21:51 triggered a high-severity alert (z=5.25). Binance spot volume was about half of normal, open interest and funding barely moved, and liquidations were negligible. The drop looks like thin-liquidity drift during a softer overall market. The evidence shows no specific catalyst.",
    "headline": "GRAM down ~2% in an hour on half-normal Binance volume; no leverage or flow cause seen",
    "severity": 1,
    "direction": "bearish",
    "confidence": 0.45,
    "watch_next": [
      "Whether $1.34–$1.35 holds; minute closes reached 1.341 at 21:37",
      "Whether Binance volume returns to ~$172K/hour on any further decline (real selling) or stays thin",
      "Open interest and funding for a build-up of shorts or long capitulation",
      "Whether BTC/ETH weakness continues, since total market cap is already -3.45% over 24h",
      "Continuation of the 7d downtrend (-8.16%)"
    ],
    "likely_causes": [
      {
        "cause": "Thin liquidity drift: modest selling moved price in a quiet market, with no single large seller or flush visible",
        "evidence": [
          "E2",
          "E13"
        ],
        "confidence": 0.45
      },
      {
        "cause": "Spillover from a weaker broad market. ETH fell -1.03% and BTC -0.43% in the same window, and total market cap is -3.45% over 24h. GRAM's move is only somewhat larger than ETH's.",
        "evidence": [
          "E10",
          "E1"
        ],
        "confidence": 0.4
      },
      {
        "cause": "Leverage-driven move (deleveraging or a liquidation cascade): unlikely. Open interest rose only 0.17% over 1h, and liquidations totalled just $598, all longs.",
        "evidence": [
          "E3",
          "E6"
        ],
        "confidence": 0.1
      },
      {
        "cause": "The evidence includes no news, unlock or onchain flow that explains the drop.",
        "evidence": [
          "E7",
          "E8",
          "E12"
        ],
        "confidence": 0.5
      }
    ],
    "what_happened": [
      {
        "text": "Price held at $1.37 until 20:15, dipped to $1.36, recovered to $1.37 at 21:00–21:15, then fell to $1.36 at 21:30 and $1.35 at 21:45. Window return was -1.46%, with a high of $1.37 and a low of $1.35.",
        "evidence": [
          "E1"
        ]
      },
      {
        "text": "CoinGraph signals fired at 21:39 (1h -1.47%, z=3.68) and 21:51 (1h -2.19%, 15m -0.74%, z=5.25, price $1.34).",
        "evidence": [
          "E13"
        ]
      },
      {
        "text": "Binance GRAM/USDT traded $83.2K in the last hour against a typical $172.3K (0.48x), and $384K across the whole window. The busiest minutes were small, $21K–$28K each. Minute closes fell from 1.369 at 20:52 to 1.341 at 21:37 (-0.445% that minute).",
        "evidence": [
          "E2"
        ]
      },
      {
        "text": "Over longer horizons GRAM is +0.13% over 24h and -8.16% over 7d. It ranks #31 with a $3.8B market cap and $20.7M in 24h volume.",
        "evidence": [
          "E1"
        ]
      }
    ],
    "market_context": [
      {
        "text": "Derivatives are calm. Binance open interest is $24.8M (+0.17% over 1h, -1.65% over 4h). Funding is 0.005% per 8h on Binance, Bybit and OKX, below the ~0.01% norm, so long demand is mild. Binance top-account long/short ratio is 1.986; the other positioning metrics are unavailable.",
        "evidence": [
          "E3",
          "E4",
          "E5"
        ]
      },
      {
        "text": "Sentiment is cooling. Fear & Greed is 55 (Greed), down from 64 a week ago. CoinGecko community sentiment is 33% positive, and GRAM is not trending.",
        "evidence": [
          "E11",
          "E12",
          "E10"
        ]
      }
    ]
  },
  "evidence": {
    "name": "Gram (prev. Toncoin)",
    "items": [
      {
        "id": "E1",
        "data": {
          "ath": 8.25,
          "low": 1.35,
          "high": 1.37,
          "rank": 31,
          "as_of": "2026-10-17T23:35:00.000Z",
          "price": 1.35,
          "path_15m": [
            {
              "t": "2026-10-17T19:45:00.000Z",
              "price": 1.37
            },
            {
              "t": "2026-10-17T20:00:00.000Z",
              "price": 1.37
            },
            {
              "t": "2026-10-17T20:15:00.000Z",
              "price": 1.37
            },
            {
              "t": "2026-10-17T20:30:00.000Z",
              "price": 1.36
            },
            {
              "t": "2026-10-17T20:45:00.000Z",
              "price": 1.36
            },
            {
              "t": "2026-10-17T21:00:00.000Z",
              "price": 1.37
            },
            {
              "t": "2026-10-17T21:15:00.000Z",
              "price": 1.37
            },
            {
              "t": "2026-10-17T21:30:00.000Z",
              "price": 1.36
            },
            {
              "t": "2026-10-17T21:45:00.000Z",
              "price": 1.35
            }
          ],
          "market_cap": 3832597044,
          "volume_24h": 20661429,
          "change_1h_pct": 0,
          "change_7d_pct": -8.16326530612245,
          "change_24h_pct": 0.12714,
          "window_return_pct": -1.46
        },
        "kind": "price",
        "source": "coingecko:/coins/markets",
        "summary": "GRAM $1.4 now; -1.46% over the window (high $1.4, low $1.4); 1h 0%, 24h +0.13%, 7d -8.16%; rank #31, market cap $3.8B, 24h volume $20.7M"
      },
      {
        "id": "E2",
        "data": {
          "ratio": 0.48295152359753907,
          "venue": "binance",
          "symbol": "GRAM/USDT",
          "volume_1h_usd": 83215.91703,
          "busiest_minutes": [
            {
              "v": "27930.07508",
              "ts": "2026-10-17T20:52:00.000Z",
              "ret": "0.146",
              "close": "1.369"
            },
            {
              "v": "25256.3724",
              "ts": "2026-10-17T21:32:00.000Z",
              "ret": "0.000",
              "close": "1.348"
            },
            {
              "v": "24044.8041",
              "ts": "2026-10-17T21:30:00.000Z",
              "ret": "0.222",
              "close": "1.354"
            },
            {
              "v": "23357.28075",
              "ts": "2026-10-17T21:37:00.000Z",
              "ret": "-0.445",
              "close": "1.341"
            },
            {
              "v": "20833.97318",
              "ts": "2026-10-17T21:38:00.000Z",
              "ret": "0.075",
              "close": "1.342"
            }
          ],
          "volume_window_usd": 384340.07559,
          "median_hourly_24h_usd": 172306.97692
        },
        "kind": "spot_volume",
        "source": "binance:klines:1m",
        "summary": "binance GRAM/USDT: $83.2K traded in the last hour vs a typical hour of $172.3K (0.5×); busiest minutes: 20:52 $27.9K (+0.146%), 21:32 $25.3K (0%), 21:30 $24K (+0.222%), 21:37 $23.4K (-0.445%), 21:38 $20.8K (+0.075%)"
      },
      {
        "id": "E3",
        "data": {
          "as_of": "2026-10-17T23:30:00.000Z",
          "change_1h_pct": 0.17,
          "change_4h_pct": -1.65,
          "open_interest_usd": 24763209.2172
        },
        "kind": "open_interest",
        "source": "binanceusdm:openInterestHist:5m",
        "summary": "Binance futures open interest $24.8M: +0.17% vs 1h ago, -1.65% vs 4h ago"
      },
      {
        "id": "E4",
        "data": {
          "rates": [
            {
              "venue": "binanceusdm",
              "symbol": "GRAM/USDT:USDT",
              "funding_rate_pct": 0.005
            },
            {
              "venue": "bybit",
              "symbol": "GRAM/USDT:USDT",
              "funding_rate_pct": 0.005
            },
            {
              "venue": "okx",
              "symbol": "GRAM/USDT:USDT",
              "funding_rate_pct": 0.005
            }
          ]
        },
        "kind": "funding",
        "source": "ccxt:fetchFundingRates",
        "summary": "Funding per 8h: binanceusdm 0.0050%, bybit 0.0050%, okx 0.0050% (positive = longs pay; ~0.01% is normal)"
      },
      {
        "id": "E5",
        "data": {
          "as_of": "2026-10-17T23:30:00.000Z",
          "taker_buy_sell": null,
          "global_long_short": null,
          "top_account_long_short": 1.986,
          "top_position_long_short": null
        },
        "kind": "positioning",
        "source": "binanceusdm:futuresSentiment:5m",
        "summary": "Binance positioning: all accounts long/short undefined, top traders by position undefined, taker buy/sell undefined (>1 = net buying)"
      },
      {
        "id": "E6",
        "data": {
          "count": 2,
          "longs_usd": 598.22,
          "total_usd": 598.22,
          "shorts_usd": 0,
          "largest_usd": 418.392
        },
        "kind": "liquidations",
        "source": "okx+binance:liquidations",
        "summary": "2 forced liquidations worth $598.2 in the window: $598.2 longs, $0 shorts; largest $418.4"
      },
      {
        "id": "E7",
        "data": {
          "chain": "eth",
          "transfers": 110,
          "volume_usd": 1803.6438555439202,
          "large_transfers": 0,
          "exchange_net_usd": 0,
          "exchange_inflow_usd": 0,
          "exchange_outflow_usd": 0,
          "median_volume_15m_7d": 50.7280475258,
          "median_abs_net_15m_7d": 0
        },
        "kind": "exchange_flows",
        "source": "nownodes:eth:eth_getLogs",
        "summary": "Onchain (ETH): 110 transfers worth $1.8K in the window; $0 moved onto exchanges, $0 left exchanges → net outflow of $0 (typical 15-min |net| $0)"
      },
      {
        "id": "E8",
        "data": {
          "by_exchange": [
            {
              "entity": "gate",
              "balance": 73.152801759,
              "balance_usd": 98.75628237465,
              "change_24h_pct": 0
            },
            {
              "entity": "kraken",
              "balance": 59.063887068,
              "balance_usd": 79.73624754180001,
              "change_24h_pct": 0
            },
            {
              "entity": "mexc",
              "balance": 0.626958456,
              "balance_usd": 0.8463939156000001,
              "change_24h_pct": 0
            }
          ]
        },
        "kind": "exchange_reserves",
        "source": "nownodes:eth-blockbook:/address/{wallet}",
        "summary": "Known exchange wallets hold 133 GRAM ($179.3): gate 73 (0% vs 24h ago), kraken 59 (0% vs 24h ago), mexc 0.63 (0% vs 24h ago)"
      },
      {
        "id": "E9",
        "data": {
          "as_of": "2026-10-17T23:32:00.000Z",
          "chain": "eth",
          "base_fee_gwei": 0.034886260186666664,
          "gas_used_ratio": 0.5046214272435858,
          "avg_base_fee_24h_gwei": 0.06191525835402778,
          "priority_fee_p50_gwei": 0.016334483759999997
        },
        "kind": "network_fees",
        "source": "nownodes:eth:eth_feeHistory",
        "summary": "ETH base fee 0.03 gwei (24h average 0.06), blocks 50% full"
      },
      {
        "id": "E10",
        "data": {
          "trending": false,
          "categories": [
            "Smart Contract Platform",
            "BNB Chain Ecosystem",
            "Layer 1 (L1)",
            "Ethereum Ecosystem",
            "Animoca Brands Portfolio",
            "Alleged SEC Securities",
            "DWF Labs Portfolio",
            "TON Ecosystem",
            "Proof of Stake (PoS)",
            "Pantera Capital Portfolio",
            "GMCI Layer 1 Index",
            "GMCI 30 Index",
            "GMCI Index"
          ],
          "btc_change_24h_pct": -0.45464,
          "btc_window_return_pct": -0.43,
          "eth_window_return_pct": -1.03,
          "global_market_cap_change_24h_pct": -3.447097985473352
        },
        "kind": "market_context",
        "source": "coingecko:/coins/markets+/global",
        "summary": "Market: BTC -0.43% and ETH -1.03% over the same window; total crypto market cap -3.45% in 24h; categories: Smart Contract Platform, BNB Chain Ecosystem, Layer 1 (L1), Ethereum Ecosystem"
      },
      {
        "id": "E11",
        "data": {
          "day": "2026-10-17T00:00:00.000Z",
          "value": 55,
          "week_ago": 64,
          "classification": "Greed"
        },
        "kind": "market_mood",
        "source": "alternative.me:/fng",
        "summary": "Crypto Fear & Greed index 55 (Greed) today, 64 a week ago"
      },
      {
        "id": "E12",
        "data": {
          "as_of": "2026-10-17T00:00:29.402Z",
          "forks": null,
          "stars": null,
          "commits_4w": null,
          "prs_merged": null,
          "sentiment_up_pct": 33.33,
          "twitter_followers": null,
          "reddit_subscribers": null
        },
        "kind": "dev_and_community",
        "source": "coingecko:/coins/{id}",
        "summary": "developer activity: not tracked by CoinGecko for this coin; CoinGecko sentiment 33% positive (as of 2026-10-17)"
      },
      {
        "id": "E13",
        "data": {
          "signals": [
            {
              "id": "116824",
              "kind": "price_move",
              "ratio": 5.25,
              "value": -2.19,
              "details": {
                "z_1h": 5.25,
                "price": 1.34,
                "ret_1h_pct": -2.19,
                "ret_15m_pct": -0.741
              },
              "baseline": 0.422,
              "event_ts": "2026-10-17T21:51:00.000Z",
              "severity": 3,
              "direction": "down"
            },
            {
              "id": "116020",
              "kind": "price_move",
              "ratio": 3.68,
              "value": -1.471,
              "details": {
                "z_1h": 3.68,
                "price": 1.34,
                "ret_1h_pct": -1.471,
                "ret_15m_pct": -2.19
              },
              "baseline": 0.403,
              "event_ts": "2026-10-17T21:39:00.000Z",
              "severity": 2,
              "direction": "down"
            }
          ]
        },
        "kind": "signals",
        "source": "coingraph:signals",
        "summary": "Triggered by: price_move (down, high) at 21:51; price_move (down, medium) at 21:39"
      }
    ],
    "symbol": "GRAM",
    "window_to": "2026-10-17T21:52:20.728Z",
    "gathered_at": "2026-10-17T23:35:59.809Z",
    "window_from": "2026-10-17T19:52:20.728Z",
    "coingecko_id": "the-open-network"
  },
  "model": "claude-opus-5-5"
}