ADA Drops 5% Despite Nasdaq Index Listing and Whale Accumulation Amid $684M Trading Surge

Cardano (ADA) is trading at $0.6771 on Binance, down 5.37% over the past 24 hours from a 24h open of $0.7155. The recent price decline can be attributed to broader market profit-taking and a short-term pullback observed across major cryptocurrencies, despite positive developments such as ADA’s inclusion in the Nasdaq crypto index, the launch of the Cardinal protocol for Bitcoin UTXO integration, and ongoing whale accumulation. Increased trading volume (~$684.2M) and large holder activity indicate continued interest, but a steep fall in Open Interest suggests caution among derivatives traders. ADA maintains a market cap of approximately $23.92B with a circulating supply of 35.34B ADA, while recent institutional attention and technical upgrades continue to support its long-term outlook.