ADA Sees $70M Institutional Inflow and Whale Accumulation Despite 5% Price Dip on Binance

Cardano (ADA) is currently trading at $0.6394 on Binance, down 5.23% over the past 24 hours from an open of $0.6747. The recent price decline follows a period of volatility, with ADA experiencing both upward momentum and sharp corrections in early June. This movement is attributed to profit-taking after a strong weekly gain (+14.22%), as well as technical resistance near the $0.714–$0.741 range, which has limited further upside. Despite the short-term pullback, institutional inflows remain robust, with over $70 million entering ADA and large holders accumulating more than 50 million ADA in the past week. Positive sentiment is supported by ongoing ecosystem developments, including the upcoming Chang Hard Fork, a new cross-chain bridge, and a total value locked in DeFi protocols exceeding $430 million. ADA remains ranked #10 by market cap at $17.44 billion, with a circulating supply of 35.68 billion, and continues to see strong community and whale engagement amid heightened on-chain activity.