ADA Sees Sharp 4.5% Price Pullback Amid High Volume and Strong Institutional Accumulation

Cardano (ADA) is currently trading at $0.7615 on Binance, down 4.54% over the past 24 hours from an open of $0.7977, with recent trading volumes showing strong activity, particularly in the ADA/JPY and ADA/USDT pairs. The price decline follows a period of significant bullish momentum, which saw ADA recovering from Q1 lows and experiencing a notable increase in open interest (+25%) and large-scale accumulation by major holders. Recent developments, including Cardano’s participation at GITEX Europe 2025, ongoing discussions about its security record, and increased centralized exchange outflows, have contributed to heightened market attention and volatility. The current price pullback appears to be a short-term correction after a strong rally, as traders react to profit-taking and broader market fluctuations, despite ongoing positive sentiment and increased institutional interest in the asset.