ADA Token Rebounds 2.13% After Volatile Week, Eyes DeFi Boost and Nasdaq Index Inclusion

ADAUSDT traded higher over the last 24 hours, with the price rising 2.13% from a 24h open of $0.6232 to $0.6365 on Binance. This recovery follows a period of heightened volatility and a sharp decline earlier in the week, which was driven by large-scale movements of 270 million ADA, a broader market correction, and ongoing debate within the Cardano community about a proposal to convert 140 million ADA from the treasury into the USDM stablecoin to boost DeFi liquidity. The recent inclusion of ADA in the Nasdaq Crypto Index has increased institutional visibility, but whale activity has slowed, and overall sentiment remains cautious amid reduced trading volumes and technical weakness.

Currently, ADA’s price is $0.6365 with a 24-hour trading volume of approximately $640 million and a market capitalization near $35.7 billion. Despite the recent rebound, ADA remains down 14% over the week and 26% year-to-date, reflecting ongoing uncertainty and consolidation in the market.