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Polkadot (DOT) price drops 10.63% amid profit-taking after governance rally on native stablecoin proposal.

Market News
09 Sep 2026
Coincu
View Source
Bearish
Polkadot (DOT) price drops 10.63% amid profit-taking after governance rally on native stablecoin proposal.

Polkadot's (DOT) price fell about 10.63% to around $1.11 on September 9, 2026, significantly underperforming Bitcoin and Ethereum, which saw much smaller declines. The drop followed a recent rally driven by a governance proposal for a native stablecoin called dotUSD, which remains under vote and not yet finalized. The decline appears linked to profit-taking and derivatives selling rather than broader market weakness, as overall crypto sentiment remained positive. Recovery depends on reclaiming key resistance levels and clarity on the referendum's outcome.

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