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Algorand (ALGO) price drops nearly 13% in four hours with $60K long liquidations on major exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Algorand (ALGO) price drops nearly 13% in four hours with $60K long liquidations on major exchanges

Algorand (ALGO) experienced a sharp price decline of 12.89% within four hours on October 8, falling from $0.1381 to $0.1203. This drop was accompanied by $60,000 in long position liquidations across Binance, Bybit, and OKX, while no short liquidations were reported. The data highlights significant selling pressure on ALGO during this period, which could impact investor sentiment and trading strategies going forward.

Algorand trades at Rp2,150 on Pluang as of Oct 08, 2026 21:19 WIB, showing a 3.46% gain over the past day. The platform records a market cap of Rp19.86 trillion and a 24-hour trading volume of Rp3.37 trillion. Despite the sharp price drop reported elsewhere, Pluang users are mostly buying ALGO, with 71% of orders as buys and a typical hold time of 129 days.

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