Polkadot falls 5% despite new 2.1 billion DOT supply cap and reduced issuance

Polkadot (DOT) experienced a drop of around 5% on October 17, reversing much of its recent recovery as intensified selling activity weighed on the broader altcoin market. The move erased gains that followed a brief rally earlier in the month. The price of DOT hovered between $1.16 and $1.18 after reaching as high as $1.29 on October 10. This pullback reversed a portion of the double-digit rally that began on October 9, when the token traded near $1.09 before climbing back to $1.24. The bullish momentum continued through October 10, but failed to hold above the $1.20 level over subsequent trading sessions. On October 12, selling pressure accelerated, causing DOT to fall roughly 7% and close near $1.17.

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