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Cardano price jumps 6.29% but blockchain trading volume drops since Oct 1, signaling price rise is exchange-driven.

Market News
04 Oct 2026
CryptoTicker
View Source
Bullish
Cardano price jumps 6.29% but blockchain trading volume drops since Oct 1, signaling price rise is exchange-driven.

Cardano's price rose 6.29% to $0.2597 on October 4, 2026, making it the top gainer among major cryptocurrencies. However, trading volume on Cardano's decentralized exchanges has halved since October 1, dropping from $11.74 million to $5.72 million, indicating the price increase is mainly driven by centralized exchange activity rather than on-chain usage. Key factors like the x402 payment integration and SundaeSwap V4 upgrade are weeks old and unlikely to explain the sudden price jump. Investors should watch if decentralized exchange volume rebounds to confirm sustained blockchain activity supporting the price move.

Cardano (ADA) is up 11.54% on Pluang as of October 5, 2026, 10:21 WIB, trading at Rp4,844 with a 24-hour volume of Rp14.41 trillion. This strong buying interest, with 62% of orders as buys, contrasts with the halving of decentralized exchange volume noted in the news. The price rise on Pluang reflects active market demand despite the reported drop in on-chain DEX activity.

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