ADA Token Slides 4.34% After Rally: Cardano Sees High Volatility, DeFi Growth, and ETF Buzz

Cardano (ADAUSDT) experienced a 4.34% price decline over the past 24 hours, with the current price at 0.8604 USDT and a 24h open of 0.8994 USDT on Binance. The recent price movement follows a period of heightened volatility and strong buying activity, which saw ADA reach its highest level since March 2025, driven by increased on-chain activity, a surge in DeFi total value locked, and accumulation by large holders. Positive sentiment was further supported by the introduction of Soft Staking for ADA on Binance, significant inflows, and speculation around a potential Cardano ETF. However, despite these bullish developments and robust trading volumes (24h volume between $1.78 billion and $2.69 billion), the latest session saw a pullback, likely due to profit-taking after the recent rally and broader market fluctuations. Cardano remains among the top 10 cryptocurrencies by market capitalization, with a circulating supply of over 35 billion ADA and continued strong interest from both retail and institutional participants.