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Cardano's ADA drops 14% amid bearish futures as CIP-0113 token standard launches on mainnet

Technical Signals
09 Oct 2026
Tokenpost
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Bearish
Cardano's ADA drops 14% amid bearish futures as CIP-0113 token standard launches on mainnet

Cardano's ADA token fell 14% from October 6, with futures showing increased bearish sentiment around the launch of the CIP-0113 programmable-token standard on October 7. The funding rate hit its lowest since June, indicating more short positions than long, while open interest in ADA futures dropped 10% to $526 million. CIP-0113 enables new rules for token transfers and management on Cardano's mainnet, increasing on-chain activity but not necessarily signaling a price recovery. The launch was supported by major Cardano tools and recognized by CMTA as a smart-contract equivalent standard.

Cardano's ADA token is currently trading at Rp4,259 on Pluang, down 3.77% in the past day. The market cap stands at Rp157.31 trillion with a 24-hour trading volume of Rp15.89 trillion. This data is as of October 9, 2026, 20:22 WIB.

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