ADA Price Drops 8.45% Amid $71M Network Upgrade and Surging Whale Activity on Binance

Cardano (ADA) experienced a notable price decline of 8.45% over the past 24 hours, with the ADAUSDT pair currently trading at $0.8447 on Binance. This downturn follows a period of heightened volatility and strong trading volume, driven by recent network developments including the approval of a $71 million ADA allocation for a major upgrade and increased whale accumulation activity. While positive sentiment and technical indicators such as a "golden cross" previously supported bullish momentum, short-term market corrections and profit-taking have contributed to the recent price pullback. ADA remains actively traded, with over $322 million in 24-hour volume on Binance and a market capitalization near $31 billion, reflecting continued investor interest amid ongoing network upgrades and governance developments.