ADA Dips 4.67% After Nasdaq Index Surge, Large Holders Accumulate 310M Tokens Amid $687M Volume

Cardano (ADA) experienced a 4.67% decline over the past 24 hours, with the price falling from 0.7155 to 0.6821 USDT on Binance. This pullback follows a recent surge driven by ADA’s inclusion in the Nasdaq Crypto US Settlement Price Index, which initially boosted trading volumes and market activity. The subsequent price correction appears linked to profit-taking after the rally, as well as technical resistance near the $0.70–$0.72 range, which has limited further upside. Despite short-term weakness, large holders have accumulated over 310 million ADA since early June, indicating continued institutional interest. ADA is currently trading at 0.6821 USDT, with a 24-hour trading volume of approximately $687 million and a market capitalization near $24.2 billion, while maintaining a 14.22% gain over the past week.