ADA Slides 3.38% Amid High Trading Volume, Major Accumulation, and Anticipated Leios Upgrade

Cardano (ADA) declined by 3.38% over the past 24 hours, with the current price at $0.5580 on Binance. The price drop is primarily attributed to broader macroeconomic uncertainty and heavy trading activity, as reflected in the recent spike in trading volume. Additional factors include a general decline in open interest for ADA derivatives and profit-taking by large holders, despite ongoing accumulation of 310 million ADA by major investors in June and optimism about upcoming network upgrades such as the Leios mainnet. The market remains volatile, with ADA consolidating near key support levels amid high transaction volumes and continued attention on both technical and fundamental developments.