ADA Sees $1 Billion Exchange Withdrawals Amid 22% Price Drop and On-Chain Growth

Cardano (ADA) is currently trading at $0.7348, with a 24-hour price decrease of 3.44% from an opening price of $0.7610 and a global 24-hour trading volume of approximately $525.56 million. The recent price decline follows a period of heightened volatility and comes amid broader market weakness, as reflected by a 22% quarter-over-quarter drop in ADA’s price and a 19% decline in the overall crypto market. Despite this, ADA remains one of the most actively traded pairs in regions like Japan and continues to see strong on-chain accumulation, with about $1 billion worth of ADA recently withdrawn from exchanges, indicating ongoing investor interest. The recent implementation of Cardano’s on-chain Constitution and participation in major industry events have further contributed to ecosystem developments, though these positive fundamentals have yet to offset short-term selling pressure and reduced transaction activity.