ADA Token Sees 4.8% Price Drop Amid $71M Network Upgrade and 200M ADA Accumulation Surge

ADAUSDT experienced a 4.80% price decrease over the past 24 hours, with the current price at 0.7703 according to Binance. The recent price movement follows significant accumulation by large holders, with over 200 million ADA acquired in the last 48 hours, and futures open interest rising to $1.44 billion, indicating increased market participation. The completion of the Midnight Network airdrop and approval of a $71 million treasury fund for network upgrades have contributed to positive sentiment, but technical resistance near $0.84 and profit-taking after recent gains have led to the current pullback. Cardano ranks #11 by market cap, with 36 billion ADA in circulation and a 24-hour trading volume of $1.46 billion, reflecting active trading and ongoing volatility.