ADA Token Sees 4.35% Drop Amid High Volatility, Profit-Taking After July Rally and Key Upgrades

Cardano (ADAUSDT) experienced a 4.35% price decrease over the past 24 hours, opening at 0.7627 and currently trading at 0.7295 on Binance. This decline follows a period of heightened volatility and significant trading activity, with 24-hour volumes ranging from $673.98 million to $1.83 billion. The recent price movement can be attributed to profit-taking after ADA’s strong rally earlier in July, which was driven by technical milestones such as the first-ever weekly golden cross, increased whale accumulation, and broader market optimism following Bitcoin’s all-time high. Despite the short-term pullback, Cardano maintains robust market capitalization (estimated between $25.43 billion and $26.62 billion) and active development, with ongoing upgrades like the Voltaire governance era and scaling solutions such as Hydra supporting long-term interest.