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Algorand (ALGO) price drops 4.29% in one hour amid $100K liquidations

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Algorand (ALGO) price drops 4.29% in one hour amid $100K liquidations

Algorand (ALGO) experienced a sharp price decline of 4.29% within one hour, falling from $0.1398 to $0.1338 on October 8. This drop coincided with significant liquidations totaling $100,000 across major exchanges Binance, Bybit, and OKX, mostly from long positions. At the time, Algorand ranked 72nd in market capitalization with about $1.22 billion. The sudden price movement and liquidations highlight volatility in the digital asset market for ALGO.

Algorand (ALGO) is trading at Rp2,388 on Pluang, showing a strong 1-day gain of 13.23% as of Oct 08, 2026 18:22 WIB, contrasting with the sharp drop reported on Binance. The platform records a market cap of Rp22.68 trillion and a 24-hour trading volume of Rp2.71 trillion, with most Pluang users holding ALGO for about 129 days. This highlights a different trading dynamic on Pluang compared to the volatility seen on other exchanges.

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