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Avalanche (AVAX) drops 12.21% in 24 hours, hitting $9.95 amid $250K long liquidations on major exchanges

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Avalanche (AVAX) drops 12.21% in 24 hours, hitting $9.95 amid $250K long liquidations on major exchanges

Avalanche (AVAX) experienced a sharp decline of 6% within four hours, dropping to $9.95 and extending its 24-hour loss to 12.21%. The token had traded at $10.58 just four hours earlier. During this period, long liquidations on Binance, Bybit, and OKX totaled $250,000, while no short liquidations were recorded. No specific cause for the price drop was identified from the available market data, highlighting potential market volatility or external factors yet to be clarified.

Avalanche's recent sharp drop is noticeable on Pluang, where AVAX trades at Rp177,751 as of Oct 09, 2026 00:21 WIB, down 12.13% in the past day. The token's market cap stands at Rp79.31 trillion, with a 24-hour trading volume of Rp10.88 trillion. Pluang users currently show a buying interest with 70% of orders as buys, and the typical hold time is 87 days, indicating a relatively patient investor base despite the volatility.

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