ADA Token Slides 2.13% Amid Whale Moves and $1B Volume, Soft Staking Fuels Investor Interest

ADAUSDT is currently trading at 0.7168 on Binance, reflecting a 2.13% decrease over the past 24 hours from the 24h open of 0.7324. The recent price decline can be attributed to profit-taking following a period of heightened volatility, including a sharp rally supported by increased trading volume and significant whale activity, such as the movement of 120 million ADA tokens. Additional factors influencing the market include the liquidation of Cardano shorts, which previously drove a rapid price surge, and ongoing consolidation near key resistance levels. Despite the short-term pullback, Cardano maintains strong trading volume—exceeding $1 billion in the last 24 hours—and a robust market capitalization of approximately $25.8 billion, ranking it among the top ten cryptocurrencies. Recent developments, such as the introduction of Soft Staking and upcoming airdrops, continue to support investor interest and market activity.