ADA Faces 3.38% Dip After Volatile Week, $600M Treasury Issue and Exchange Withdrawals Stir Market

Cardano (ADA) is currently trading at $0.7327 on Binance, reflecting a 3.38% decline over the past 24 hours, with recent daily trading volumes fluctuating between $105 million and $120 million and a circulating supply of approximately 35.32 billion ADA. The recent price drop follows a week of notable volatility and a 14% gain, attributed to both broader market corrections and specific events such as the reported $600 million discrepancy in Cardano’s treasury, which has raised governance concerns, and significant ADA withdrawals from centralized exchanges, interpreted by some as a sign of growing investor confidence. Additionally, Cardano’s active participation in GITEX Europe 2025 and continued leadership in core developer activity have maintained investor interest, though overall developer engagement has declined.