Historical replay · METAB/USD
Tokenised Meta Rose 7% in Thirty Minutes on Its Third-Quarter Report, Then Gave Back Two-Thirds of It in Ninety (October 2026)
METAB, the tokenised Meta share on Binance, was $698.50 when the US market closed at 20:00 UTC on October 21, 2026, after the stock had ended the regular session up 0.47% at $697.52. Meta's report landed minutes later: revenue up 26% to $64.6 billion, a fourth-quarter guide of $73 to $76 billion and a $9.89 billion legal charge. The 20:00 candle traded $0.46 million and 11,669 trades, dipping to $690.76 before closing at $718.06, the 20:30 candle printed the high of $748.00, up 7.1%, and the 21:00 candle fell to $717.61. By 22:00 the pair was at $713, up 2%, and it held $706 to $715 through the Asian morning. Replay an earnings reaction that was decided, reversed and settled before the first US analyst note was published.
Meta went into its report on October 21, 2026 as the quietest of the large technology stocks: down about 2% on the week, up 0.47% on the day at $697.52, with options pricing a move of 7% to 8% and the market divided between a bull case built on advertising growth and a bear case built on the $41 billion of quarterly capital spending expected. The tokenised pair tracked the shares through the New York session, with the 13:00 UTC opening candle rising from $692.4 to a high of $712.5 on $0.15 million as the market rallied, a drift back to $707 by 18:00 and a pre-report wobble: the 19:15 candle dipped to $691.24 and recovered to $704.84 on 2,206 trades, and the 19:45 candle closed at $698.54.
The report was published inside the 20:00 UTC quarter-hour and the first reaction was a sell. The candle opened at $698.50 and fell to $690.76, 1.1% below the close, as the headline earnings of $3.83 a share, cut by the $9.89 billion settlement charge, crossed the tape; then it reversed, to a high of $732.45 and a close of $718.06, up 2.8%, on $0.46 million and 11,669 trades, twenty times the trades of any quarter-hour that day, as the revenue of $64.6 billion, the $7.40 of earnings excluding the charge and the fourth-quarter guide of $73 to $76 billion were read. The 20:15 candle rose to $725.39 and the 20:30 candle, on $0.28 million, printed the high of $748.00 and closed at $740.17, 7.1% above the close: the Class C share dividend, which has the effect of a two-for-one split, was being priced as a catalyst in its own right. The whole 20:00 hour traded $0.81 million and 14,876 trades.
Then the buyers ran out. The 20:45 candle closed at $734.10, the 21:00 candle fell 1.6% to a low of $717.61 and a close of $723.15 as the first after-hours quotes from US outlets settled at a gain of 3% to 5% rather than 7%, the 21:30 candle slipped to $720.83, and the 22:00 candle fell to $711.05 and closed at $713.28, up 2.1% from the close and 4.7% below the high. From there the pair did nothing: $715.46 in the 23:00 candle, $714.73 at 00:00 UTC, $706.2 in the 02:00 hour as Asian chip stocks fell, $708.4 at 04:00 and $706.5 at 05:00, about 1.1% above the regular-session close.
The shape to remember is a spike and a shelf. Two-thirds of the reaction was given back within ninety minutes, and the level the pair settled on, roughly 1% to 2% above the close, was reached by 22:00 UTC and held for seven hours, which is the price the regular session on Thursday inherits at 9:30 a.m. in New York. The $748 print was real and tradeable for about thirty minutes, on a tenth of the volume of the first candle. Compare it with the SPCXB replay of the previous night, when the tokenised SpaceX climbed for eight hours in a staircase with no sellers: same hour, same exchange, same category of news, and the difference between a stock whose report answered the question and a stock whose report, a $9.9 billion charge and a $35 billion capital bill alongside 26% growth, left the market to decide what it had learned.