Cardano ADA Plunges 3.46% to $0.2458 Amid $200K Liquidations

Cardano's ADA token experienced a significant decline on September 30, dropping by 3.46% in just one hour to $0.2458 at 11:23 p.m. ET (October 1 at 03:23 UTC). This marked an extension of its downward trend in the spot market.

During this short period, ADA plummeted from $0.2546 to $0.2458, reflecting a notable loss for investors. The token had already dropped by 2.11% over the previous 24 hours at the time of measurement.

A total of $200,000 in liquidations were recorded across major exchanges Binance, Bybit, and OKX within this one-hour window. Long-position liquidations accounted for $140,000, while short-position liquidations reached $60,000.