ADA Price Drops 2.34% Amid 270M Token Whale Sell-Off Despite Nasdaq Crypto Index Inclusion

Cardano (ADA) experienced a 2.34% price decline over the past 24 hours, with the current price at $0.6227 (Binance data), down from a 24h open of $0.6376. This decline is primarily attributed to significant whale sell-offs totaling approximately 270 million ADA, which triggered sharp spikes in trading volume (up over 4,000%) and intensified downward price pressure, particularly when ADA fell below $0.62. Despite the bearish momentum, recent developments such as ADA’s inclusion in the Nasdaq Crypto Index and the launch of the Cardano Foundation’s enterprise product "Originate" have drawn renewed institutional and enterprise interest. However, these positive factors were outweighed in the short term by heavy selling activity and overall bearish technical signals. ADA’s market remains volatile, with high trading volume and persistent selling pressure dominating recent sessions.