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Cardano's ADA drops 3.74% in an hour amid $420K long liquidations on Binance and others

Market News
28 Sep 2026, 17:50 WIB
Tokenpost
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Bearish
Cardano's ADA drops 3.74% in an hour amid $420K long liquidations on Binance and others

Cardano's ADA token fell to $0.2421 on Sept. 28, down 3.74% within one hour and 4.76% over 24 hours, according to Binance ADA/USDT prices. The decline coincided with $420,000 in long position liquidations on Binance, Bybit, and OKX, while no short liquidations were reported. ADA remains the 17th largest cryptocurrency by market cap at about $9.37 billion. No specific cause for the drop was identified in market data, signaling potential volatility ahead for investors.

Cardano's ADA trades at Rp4,352 on Pluang, down 4.29% as of Sep 28, 2026 22:06 WIB. The token's market cap stands at Rp162.01 trillion with a 24-hour volume of Rp10.89 trillion. On Pluang, 66% of orders are sell, and typical hold time is 126 days, indicating active trading amid recent volatility.

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