ADA Dips 3.5% Amid Market Volatility as Whale Accumulation and Cardinal Protocol Spark Interest

Cardano (ADA) is currently trading at $0.7074 with a 24-hour price decline of 3.53%, reflecting a drop from the 24h open of $0.7333; ADA maintains its position as a top 10 cryptocurrency by market capitalization, with recent whale accumulation exceeding 180 million ADA and ongoing moderate trading volume. The recent price decrease is primarily attributed to broader market volatility triggered by macroeconomic concerns and renewed tariff fears, as well as profit-taking following a week of strong gains; however, ongoing developments—such as Cardano’s new “Cardinal” protocol for Bitcoin DeFi integration and the SEC’s delay on the Grayscale spot ADA ETF decision—continue to generate investor interest and optimism for the asset’s longer-term outlook.