ADA Token Faces 3.11% Price Drop Amid SEC Staking Warning, Whale Activity Fuels Volatility

Cardano (ADAUSDT) experienced a 3.11% price decline over the past 24 hours, with the current price at 0.9135 according to Binance. The drop is primarily attributed to regulatory concerns following a public warning from the U.S. SEC regarding crypto staking services, which increased market uncertainty and contributed to selling pressure. Despite this short-term volatility, recent whale activity and institutional interest, including optimism around a potential Cardano ETF and ongoing technical upgrades, have supported strong upward momentum earlier in the week.

ADAUSDT has seen substantial trading volume, ranging from $2.97 billion to $4.73 billion, and a market capitalization between $32.43 billion and $34.45 billion. The token traded between $0.86 and $1.02 in the last 24 hours, with investors monitoring key support at $0.81 and resistance at $1.02 amid mixed technical signals.