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Cardano rallies 23% in September but sees whale selling and futures decline in October.

Market News
02 Oct 2026
Cointribune
View Source
Bearish
Cardano rallies 23% in September but sees whale selling and futures decline in October.

Cardano's ADA surged about 23% in September, driven by network upgrades and governance progress. However, since September 20, large investors (whales) have sold nearly 90 million ADA, worth around $22.5 million, signaling profit-taking after the rally. Additionally, open interest in Cardano futures dropped by 9%, indicating reduced leverage and caution among traders. While a technical sell signal appeared on September 26, these moves reflect short-term adjustments rather than a confirmed trend reversal, leaving Cardano's outlook uncertain but still supported by recent gains and protocol developments.

Cardano's ADA trades at Rp4.593 on Pluang, up 4.06% in the last day as of Oct 02, 2026 20:22 WIB. The market cap stands at Rp169.76 trillion with a 24-hour volume of Rp11.34 trillion. On Pluang, 69% of orders are buys, showing continued investor interest despite recent whale selling and futures open interest decline.

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