ADA Token Drops 4.88% Amid Market Volatility, Eyes Leios Upgrade and Potential ETF Boost

ADAUSDT declined by 4.88% over the past 24 hours, with the current price at 0.5560 (down from a 24h open of 0.5845 on Binance). The price drop is primarily attributed to broader market volatility and heavy trading volume, as well as short-term bearish sentiment following recent declines near key support zones ($0.562–$0.582). Despite this weakness, optimism persists within the Cardano community due to the anticipated Leios mainnet upgrade, which is seen as a potential catalyst for future network growth. Additional factors influencing sentiment include Cardano founder Charles Hoskinson’s proposal to diversify the treasury and Bloomberg analysts’ estimate of a high probability for future spot ADA ETF approval in the U.S. Over the last 24 hours, ADA traded between $0.562 and $0.605, with peak volume at 175 million ADA and a market capitalization estimated between $12.7 billion and $13.5 billion, as the market consolidates near recent lows.