ADA Drops 7.3% Amid Geopolitical Tensions as $1B Volume Signals Surging Cardano Activity

Cardano (ADA) experienced a 7.3% price decline over the past 24 hours, with the current price at $0.5242 on Binance, down from a 24-hour open of $0.5655. This sharp drop is primarily attributed to heightened global geopolitical tensions, particularly conflict in the Middle East, which has negatively impacted overall crypto market sentiment and triggered increased volatility. Contributing to the downward pressure, a major $101,000 ADAUSDT long position was liquidated, large holders sold 270 million ADA after earlier accumulation, and open interest in ADA derivatives fell by over 7%, signaling reduced short-term trader engagement. Despite the price correction, 24-hour trading volume surged to approximately $1 billion, well above the 30-day average, indicating significant market activity. ADA remains volatile within the $0.5464–$0.586 range, with ongoing institutional and developer interest in the Cardano ecosystem and continued optimism around upcoming network upgrades.