ADA Token Sees 5.28% Drop Amid $1B Trading Surge and Whale Accumulation on Binance

Cardano (ADAUSDT) experienced a 5.28% price decrease over the past 24 hours, with the current price at 0.7817 USDT on Binance. The decline follows a period of heightened market activity, including a bullish breakout from a long-term technical pattern, increased whale accumulation of over 200 million ADA, and positive sentiment driven by recent treasury allocations for network upgrades, new partnerships, and anticipation of regulatory developments such as a potential spot ETF approval. Despite these positive factors, the price faced resistance after a recent rally, leading to short-term selling pressure and a pullback from the 24h open of 0.8253 USDT. Trading volume remains robust, with over $1 billion exchanged in the last 24 hours, indicating sustained market interest and volatility.