ADA Drops 6.29% Despite Nasdaq Crypto Index Addition and 270 Million Token Movement

Cardano (ADA) experienced a 6.29% price decline over the past 24 hours, with the current price at 0.6406 USDT on Binance, opening at 0.6836. This drop follows heightened activity, including the movement of 270 million ADA in one week and ADA’s addition to the Nasdaq Crypto Index, which increased institutional visibility. Despite these positive developments and rising ETF approval odds (now at 75%), ADA’s price performance has lagged, likely due to broader market momentum and profit-taking after recent gains. The market capitalization remains strong at approximately 35.68 billion ADA, with a total value locked of $356 million and a circulating supply of 17.44 billion ADA. ADA has shown resilience and a 14.22% weekly increase, but short-term volatility persists amid shifting investor sentiment and ongoing speculation about future ETF approvals.