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Polkadot drops 13.3% in a week, hitting below $1 amid software upgrade and market concerns

Market News
28 Oct 2026, 12:53 WIB
CryptoTicker
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Bearish
Polkadot drops 13.3% in a week, hitting below $1 amid software upgrade and market concerns

Polkadot's price fell below $1 for the first time since September 16, losing 13.3% over the past week, significantly more than other major cryptocurrencies. The drop coincides with a major software upgrade on its Asset Hub, where nearly all DOT tokens now reside, introducing new runtime version 2.5.1 with some unresolved technical issues. This upgrade, combined with a recent private key leak and market volatility, has heightened risk perceptions among investors. Users are advised to verify their wallet compatibility with the Asset Hub, consider the 28-day unbonding period for staked DOT, and be mindful of tax implications before making decisions.

Polkadot's recent challenges come as it trades on Pluang at Rp18.487, showing a 3.78% gain in the past day as of Oct 28, 2026 17:02 WIB. Despite the weekly drop noted in the news, the platform sees strong buying interest with 96% of orders to buy and a typical hold time of 122 days. The circulating supply on Pluang is 1.7 billion DOT out of a total 2.1 billion, reflecting active market participation.

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