ADA Dips 6% After 27% Monthly Rally Amid Surging Futures Interest and Market Volatility
Cardano (ADA) is currently trading at $0.7593 on Binance, with a 24-hour price change of -6.11% and a 24-hour open of $0.8087, reflecting a notable decline despite recent strong trading volumes and open interest in ADAUSDT futures surpassing $920 million. The recent price drop follows a period of positive momentum, including a 27% rally over the past month and increased institutional and whale activity, as well as Cardano’s participation in high-profile events such as GITEX Europe 2025. While Cardano’s reputation for security and ongoing ETF discussions have fueled optimism and contributed to the prior rally, the latest pullback appears to be driven by broader market volatility and profit-taking after ADA’s recent gains, as well as a general downturn in the cryptocurrency market.
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SUI Drops 4.29% Following Cetus Protocol Exploit, $2.15B Trading Volume
SUI is currently trading at $3.6513 on Binance, down 4.29% over the past 24 hours, with a 24-hour trading volume of approximately $2.15 billion and a market capitalization near $12.26 billion. The recent price decline follows heightened volatility after the Cetus Protocol exploit on the Sui network, which resulted in over $223 million in losses, though Sui validators managed to freeze a significant portion of the stolen funds and Binance confirmed its support for the network. Despite this security incident, SUI experienced a brief price surge on May 24, 2025, attributed to increased trading activity sparked by a missed order report and continued strong DeFi ecosystem growth, but subsequent profit-taking and market reaction to the exploit have contributed to the recent price pullback.
XRP Holds $2.30 Support Amid SEC Delays, Futures ETF Launch, and $4B Trading Surge
XRP is currently trading at $2.3337 on Binance, down 3.86% over the past 24 hours from an open of $2.4274, with a 24-hour trading volume near $4 billion and key support holding at $2.30. The price decline is primarily attributed to ongoing regulatory uncertainty, including the SEC's delayed decisions on XRP spot ETF applications and a recent court decision to deny the SEC’s proposed settlement in the Ripple vs. SEC case, as well as technical selling pressure near the $2.40 resistance level and increased market volatility. Despite positive developments such as the launch of the first U.S.-based XRP futures ETF and strong investor interest in XRP-linked products, bearish chart patterns and unresolved legal matters have contributed to the recent downward price movement.
ETH Sees 4.39% Drop Amid Market Volatility, BlackRock Buys $52.8M as ETFs Surge
Ethereum (ETH) is currently trading at $2,542.65 on Binance, reflecting a 4.39% decline over the past 24 hours with a 24-hour opening price of $2,659.40 and substantial trading volume. The recent price drop is primarily attributed to broader crypto market volatility following macroeconomic developments, including tariff threats from the U.S. administration, which led to a 3% decline on May 23. Despite the short-term pullback, institutional activity remains strong, highlighted by BlackRock’s $52.8 million ETH purchase and significant net inflows into Ethereum ETFs, supported by technical indicators showing continued bullish sentiment. The recent Pectra upgrade and ongoing network improvements are also contributing to sustained investor interest and positive long-term outlook for Ethereum.