ADA Token Drops 2.76% After Surge: Market Rally, Night Airdrop, and CBADA Launch Shape Outlook

Cardano (ADAUSDT) experienced a 2.76% decline over the past 24 hours, with the price dropping from an open of $0.5875 to $0.5713 on Binance. This short-term decrease follows a recent surge in trading activity and price, which was driven by a broader market rally, increased trading volume, and positive developments such as the announcement of a 24 billion Night token airdrop and the introduction of wrapped Cardano (CBADA) on Coinbase’s Base network. However, the momentum slowed after ADA failed to sustain levels above $0.59, leading to weaker buyer interest and a subsequent price pullback. Despite the daily decline, Cardano remains among the top cryptocurrencies by market capitalization, supported by a circulating supply of 36.13 billion ADA and robust trading volumes exceeding $534 million in the last 24 hours.