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Cardano (ADA) drops over 10% in 24 hours, hitting $0.2315 amid heavy liquidations.

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Cardano (ADA) drops over 10% in 24 hours, hitting $0.2315 amid heavy liquidations.

Cardano's ADA token fell sharply by 7.25% within four hours to $0.2315, extending its 24-hour decline to over 10%. The drop was observed on Binance's ADA/USDT market, with ADA's market cap around $8.65 billion, ranking it 17th globally. During this period, long liquidations on major exchanges like Binance, Bybit, and OKX totaled $2.16 million, significantly outweighing short liquidations. This sharp decline and liquidation activity highlight increased selling pressure on ADA, which investors should monitor for potential further volatility.

Cardano (ADA) is trading at Rp4.139 on Pluang, down 10.12% over the past day as of Oct 08, 2026 23:32 WIB, with a market cap of Rp154.38 trillion. Sell orders dominate the platform at 63%, reflecting a strong selling interest among Pluang users. This aligns with the reported sharp price drop and liquidation activity noted in the news.

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