BREAKING: Polkadot (DOT) has surged 32.7% in the past 24 hours, reaching $1.64 as of February 26, 2026, in one of the most dramatic single-day rallies for the Layer-0 blockchain protocol in recent months.
The explosive price movement pushed DOT from a 24-hour low of $1.24 to an intraday high of $1.74, representing a stunning 40-cent gain. Trading volume spiked to $717.8 million as the rally intensified, with Polkadot’s market capitalization jumping by $700.2 million to reach $2.77 billion.
Key Market Data
Polkadot’s current metrics reveal the scale of this price surge:
- Current Price: $1.64
- 24-Hour Gain: +32.7% ($0.40)
- 24-Hour Volume: $717.8 million
- Market Cap: $2.77 billion (Rank #35)
- Market Cap Increase: +$700.2 million (+33.9%)
- 7-Day Performance: +25.2%
Context: Recovery from All-Time Low
This surge gains additional significance considering Polkadot touched its all-time low of $1.15 just three weeks ago on February 6, 2026. The current price of $1.64 represents a 44.2% recovery from that bottom, suggesting a potential trend reversal for the beleaguered blockchain network.
However, DOT remains 97% below its all-time high of $54.98 reached in November 2021, highlighting the severe drawdown the asset has experienced over the past four years.
Trading Activity Explodes
The $717.8 million in 24-hour trading volume represents substantial liquidity, indicating genuine market participation rather than thin order book manipulation. The rally showed some consolidation in the past hour, with DOT pulling back 2.3% from session highs, though still maintaining strong gains.
30-Day Performance Still Negative
Despite the impressive 24-hour and 7-day performances, Polkadot remains down 12.4% over the past 30 days, suggesting this rally follows a period of sustained selling pressure. The 30-day decline indicates that while short-term momentum has shifted bullish, the broader monthly trend has been bearish.
Supply Metrics
With a circulating supply of 1.67 billion DOT tokens out of a maximum supply of 2.1 billion, approximately 79% of total tokens are currently in circulation. The fully diluted valuation matches the current market cap at $2.77 billion.
This is a developing story. Market conditions remain volatile. This article is for informational purposes only and does not constitute financial advice.
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About the Author: Ananya Melhotra
