ADA Token Sees 3.62% Drop Amid Whale Accumulation and ETF Speculation Boosts Market Interest

Cardano (ADAUSDT) experienced a 3.62% price decline over the past 24 hours, with the current price at 0.5458 USDT on Binance. The decrease in price is attributed to ongoing market consolidation, as ADA continues to trade within a defined range amid mixed technical signals. Whale accumulation has been notable, with large investors acquiring significant amounts of ADA in 2025, while retail holders have reduced positions, suggesting institutional confidence despite short-term volatility. Increased open interest in derivatives (+0.68% to $769.92 million) and a rise in long liquidations have contributed to recent price pressure. Speculation around a potential Cardano ETF, with approval odds estimated at 76% on Polymarket and over 90% by some analysts, has generated optimism but has not yet translated into sustained upward momentum. Over the last 24 hours, ADA’s trading volume ranged from $488.15 million to $768.11 million, with a market capitalization between $19.19 billion and $19.83 billion, and circulating supply near 35–36 billion ADA.