ADA Sees $1B Withdrawn, Whale Accumulation and ETF Odds Surge Amid 2.91% Price Dip

Cardano (ADA) experienced a 2.91% price decline over the past 24 hours, with the current price at $0.5642 according to Binance. The price drop is primarily attributed to broader market volatility driven by macroeconomic uncertainties, despite notable positive developments such as nearly $1 billion in ADA withdrawn from centralized exchanges, significant whale accumulation, and Bloomberg analysts raising the odds of a spot Cardano ETF approval to 90% after discussions with the U.S. SEC. Additionally, enterprise adoption was highlighted by Ford Motor Company’s participation in a Cardano-based legal data storage pilot. High trading volumes, particularly during ADA’s test of the $0.562 support level, indicate substantial institutional interest and accumulation at lower price points. ADA’s market capitalization is fluctuating between $12.7B and $13.5B, and the asset remains in a phase of heightened volatility, with investor sentiment supported by anticipation of the 2026 Leios protocol upgrade.