ADA Slides 3.69% After Brave Wallet Integration Spurs $50M Liquidations and Surging Volatility

Cardano (ADA) experienced a 3.69% price decline over the past 24 hours, falling from 0.6041 to 0.5818 on Binance. This drop is primarily attributed to increased trading activity and heightened volatility following ADA’s integration into Brave Wallet, which expanded its accessibility to over 88 million users. On-chain data shows a rise in trading volume and active wallets, but the surge in liquidations exceeding $50 million and persistent bearish sentiment after failing to break key resistance levels have contributed to downward price pressure. Despite the recent decline, Cardano maintains strong network fundamentals, with a market capitalization of approximately $17.44 billion and a circulating supply near 35.68 billion ADA, while active development and enterprise initiatives continue to support long-term interest in the asset.