ADA Sees 6% Drop Amid Market Volatility, But Whale Accumulation and $70M Inflows Signal Strength

Cardano (ADA) is currently trading at $0.6264 on Binance, showing a 6.31% decline over the past 24 hours after opening at $0.6686. The recent price drop is attributed to heightened market volatility across the crypto sector, despite positive developments such as the integration of Cardano’s USDM stablecoin with the Lace Wallet and strong institutional inflows exceeding $70 million. Additional factors supporting ADA include significant whale accumulation of over 170 million ADA, growing international interest (notably from Japan), and optimistic community sentiment, with nearly 87% of surveyed participants expecting positive performance. Trading volume has surged, with a 24-hour volume of up to $892.54 million and a market capitalization around $22.13 billion, placing ADA firmly in the top 10 cryptocurrencies. While ADA remains approximately 79% below its all-time high, the asset has shown resilience and positive momentum over the past week, supported by technical levels and ongoing accumulation by large holders.