ADA Sees 6.3% Drop Amid SEC ETF Delay, Large Holder Accumulation, and DeFi Growth

Cardano (ADA) is currently trading at $0.6652 with a 24-hour price decrease of 6.30% and a 24-hour open of $0.7099, reflecting notable volatility despite a recent weekly gain of over 14% and a circulating supply of 35.68 billion ADA with a market capitalization of approximately $17.44 billion. The recent price decline can be attributed to a combination of market factors, including the U.S. SEC's postponement of its decision on Grayscale's ADA ETF application and mixed sentiment following large holder accumulation of over 180 million ADA, while ongoing developments such as increased DeFi integration and a live demonstration of Bitcoin interoperability continue to support long-term interest and trading activity in the Cardano ecosystem.