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Cardano's ADA Falls 3.18% in One Hour to $0.1886 on Binance
Nov 5, 3:18 PM·
Medium Pessimistic

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Summarized by i88

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Summary

Cardano’s ADA fell 6.3% in 24 hours to $0.185, its lowest level since mid-August, following an earlier 7.84% four-hour drop to $0.1821 on Binance that extended an 8.17% 24-hour decline. TokenPost’s one-hour tally showed $1.36 million in long liquidations and $10,000 in shorts, reflecting continued forced selling pressure. The decline came even as Cardano Node 11.2 moved the network closer to its Dijkstra upgrade. Despite the price weakness, on-chain data shows 58.5% of all circulating ADA remains delegated to stake pools, only slightly below a year ago.

Cardano’s ADA Falls 6.3% to $0.185 Despite Node 11.2 Progress Toward Dijkstra Upgrade

Cardano’s ADA dropped 6.3% over 24 hours to $0.185, its lowest level since mid-August, according to AMBCrypto. The decline came even as Cardano Node 11.2 moved the network closer to its Dijkstra upgrade.

Steeper Intraday Drop on Binance

The move extended an earlier slide. ADA fell 7.84% in four hours to $0.1821 on Binance, part of an 8.17% decline over 24 hours.

Liquidation Data Points to Forced Selling

TokenPost’s one-hour tally showed $1.36 million in long liquidations against $10,000 in shorts, reflecting continued forced selling pressure.

Staking Remains Largely Intact

Despite the price weakness, on-chain data shows 58.5% of all circulating ADA remains delegated to stake pools — only slightly below the level a year ago.

Key Figures at a Glance

  • 24-hour decline: 6.3% to $0.185
  • Four-hour drop on Binance: 7.84% to $0.1821
  • 24-hour decline (earlier measure): 8.17%
  • One-hour long liquidations: $1.36 million
  • One-hour short liquidations: $10,000
  • Share of circulating ADA staked: 58.5%

AMBCrypto described the period as “an unusual time for Cardano,” with the price retreat arriving alongside technical progress on the network’s upgrade path.