Algorand (ALGO) News Today: Why ALGO Is Up – 03 October 2026

• Folks Finance announced a phased wind-down of xChain on 1 October 2026 ahead of Folks Markets launch. • New xChain deposits pause on 8 October 2026, with a Folks Points snapshot recorded the same day. • Collateral factors reach zero on 11 February 2027, triggering liquidation for all outstanding xChain loans. • Users must withdraw funds before 31 March 2027, when the xChain website becomes unavailable. • Algorand Foundation reported over 1,500 validators securing the network in posts published 2 October 2026.