ADA Faces 22% Quarterly Drop Despite $1B Outflow and On-Chain Constitution Activation

Cardano (ADA) is currently trading at $0.7411, with a 24-hour trading volume of approximately $570 million and a 24-hour price change of -2.37%, reflecting a modest decline from the previous open of $0.7591. The recent price decrease can be attributed to mixed on-chain metrics reported in the Q1 2025 ecosystem update, including a 22% quarter-over-quarter price drop and lower transaction activity, despite positive developments such as the activation of Cardano’s on-chain Constitution and a significant $1 billion ADA outflow from exchanges indicating accumulation. While the broader market has shown cautious optimism with forecasts suggesting consolidation and potential buy zones, short-term price pressure appears linked to overall market volatility and the adjustment following governance milestones and treasury updates.