SOFI Rises 11% in One Hour as USDT-Quoted Price Reaches 16.05

SOFI climbed 11% in the one-hour period ending at 7:57 a.m. ET Tuesday, Oct. 27, and was quoted at 16.05 USDT as its 24-hour gain reached 9%.

The hourly move was two percentage points larger than the advance over the full 24-hour window. The two readings cover overlapping periods: the latest hour falls within the 24-hour measurement, so the percentages should not be added together. The 24-hour figure compares SOFI’s price with its level a day earlier; the hourly figure compares it with its level an hour before the update. The two gains are consistent because the 24-hour calculation also includes the earlier 23 hours before the reported latest-hour move.

The price was denominated in USDT, not dollars. For U.S. readers, that means 16.05 is the reported quote in a crypto asset rather than a dollar-denominated price. The update puts a fintech ticker in view for crypto-market readers because both its price and returns were presented in USDT.

The update places the sharpest reported gain in the most recent hour, alongside a smaller net increase over the full day.