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Algorand (ALGO) price drops 4.31% in one hour amid liquidations on major exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Algorand (ALGO) price drops 4.31% in one hour amid liquidations on major exchanges

Algorand (ALGO) experienced a sharp price decline of 4.31% within one hour, falling from $0.1323 to $0.1266 on October 8. This drop was accompanied by $30,000 in long liquidations and $10,000 in short liquidations across Binance, Bybit, and OKX exchanges. Algorand's market capitalization stands at approximately $1.16 billion, ranking it 72nd globally. The rapid price movement highlights volatility in the token's market, which investors should monitor closely.

Despite the sharp drop reported in the article, Algorand (ALGO) is trading higher on Pluang with a 1-day change of +4.60% at Rp2.184. The token's market cap on Pluang is Rp21.32 trillion, and buyers dominate with 71% of order activity. These figures are current as of Oct 08, 2026 20:22 WIB.

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