ADA Holds Strong Amid Market Volatility as Whale Accumulation and Network Upgrades Drive Interest

Cardano (ADA) is currently trading at $0.7116 on Binance, down 2.25% over the last 24 hours from a 24h open of $0.7280, with a market cap around $17.44 billion and a circulating supply of approximately 35.68 billion ADA. The recent price decline is attributed to broader market volatility, including a 6% drop across major altcoins linked to renewed tariff concerns, despite positive developments such as whale accumulation of over 180 million ADA, ongoing network upgrades (notably Hydra scaling), and advancements in Bitcoin integration that have supported ADA’s strong weekly and monthly performance. The SEC’s postponement of the decision on the Grayscale spot ADA ETF and ongoing discussions about Cardano’s potential to surpass Solana have contributed to heightened investor interest and trading activity, but have not offset short-term downward pressure from macroeconomic factors.