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Algorand (ALGO) Jumps 7.13% in One Hour to Reach $0.1398

The token’s move was measured from Binance spot prices at 6:07 a.m. ET, while same-hour liquidations totaled $130,000.

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Green and silver token displayed on a glass pedestal / TokenPost.ai
Green and silver token displayed on a glass pedestal / TokenPost.ai

Algorand (ALGO) rose 7.13% in one hour to $0.1398 at 6:07 a.m. ET (10:07 UTC) Thursday, extending a sharp short-term move in the token.

The increase was calculated from publicly available Binance spot ALGO/USDT prices, with ALGO rising from $0.1305 one hour earlier. The figures reflect TokenPost’s direct market collection and calculation at the stated time.

Liquidations across Binance, Bybit and OKX during the same hour totaled $130,000. Long-position liquidations accounted for $50,000, while short-position liquidations reached $80,000.

Algorand ranked 72nd by market capitalization at approximately $1.25052 billion. No confirmed cause for the move was provided in the available market data.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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