ADA Slides 5.11% After Nasdaq Index Surge, Large Holders Accumulate 310 Million Tokens in June

Cardano's ADA experienced a 5.11% price decline over the past 24 hours, currently trading at $0.6840 on Binance, down from a 24-hour open of $0.7208. The price drop follows a period of heightened volatility triggered by ADA's recent inclusion in Nasdaq's expanded crypto index, which initially drove a 3% gain and increased trading volumes by 68%. However, subsequent profit-taking and a sharp fall in derivatives open interest contributed to short-term downside pressure. Despite this, large holders accumulated over 310 million ADA in June, signaling ongoing institutional interest. ADA remains actively traded with strong volume, a market cap of approximately $17.44 billion, and a circulating supply of 35.68 billion tokens, while technical indicators suggest caution as the asset approaches a key support level near $0.70.