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Avalanche (AVAX) drops 5.52% in 4 hours, hitting $9.99 amid $340K long liquidations.

Market News
12 Oct 2026
Tokenpost
View Source
Bearish
Avalanche (AVAX) drops 5.52% in 4 hours, hitting $9.99 amid $340K long liquidations.

Avalanche (AVAX) experienced a 5.52% price drop within four hours, falling to $9.99 as of October 12, 8:34 p.m. ET. Over the past 24 hours, AVAX declined 8.77%, trading down from $10.57 to under $10. The token, ranked 28th by market capitalization at about $4.5 billion, saw $340,000 in long liquidations across major exchanges Binance, Bybit, and OKX, with no short liquidations reported. This decline highlights increased selling pressure and market volatility for AVAX in the short term.

Avalanche's recent price drop is mirrored on Pluang, where AVAX is down 9.40% as of Oct 13, 2026 07:51 WIB, trading at Rp177,128. The token's market cap on Pluang stands at Rp79.9 trillion with a 24-hour trading volume of Rp7.49 trillion. Notably, sell orders dominate Pluang's activity at 93%, and the typical holding period for AVAX investors is 87 days, indicating active trading behavior.

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