ADA Faces 2.66% Dip Amid Treasury Audit Concerns and Surging Japanese Trading Volumes

Cardano (ADA) is currently trading at $0.7834 on Binance, reflecting a 2.66% decline over the past 24 hours from a 24h open of $0.8048, with increased trading volumes, especially in the Japanese market, and a market capitalization of approximately $17.44 billion, ranking it 10th among cryptocurrencies. The recent price decrease is primarily attributed to short-term profit-taking following ADA's recovery above $0.80, heightened market volatility indicated by extreme Bollinger Bands, and ongoing concerns regarding a $600 million treasury discrepancy revealed by a recent audit, which has raised transparency and governance questions within the Cardano ecosystem despite positive sentiment from whale accumulation, exchange withdrawals, and major event participation such as GITEX Europe 2025.