ADA Price Dips 3.45% After Major Wallets Accumulate 200 Million Tokens Amid $6B Trading Surge

Cardano (ADAUSDT) experienced a 3.45% price decrease over the past 24 hours, with the current price at 0.9448 USDT according to Binance. The recent price movement can be attributed to profit-taking following a strong bullish run, which was fueled by major wallet accumulation of 200 million ADA, the formation of a golden cross, and positive sentiment from technical indicators suggesting a potential rally. Despite the short-term pullback, Cardano remains active with a 24-hour trading volume exceeding $6 billion and a circulating supply near 36 billion ADA, maintaining its position among the top 10 cryptocurrencies by market capitalization.