$ADA Market Overview

Price: Approximately $0.63, with an intraday range of ~$0.629 to ~$0.644.

Volatility: Moderate, recently trading in a tight zone of $0.64–$0.72.

Volume: About a 68% spike after being included in the Nasdaq crypto index—increasing visibility.

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🔍 Latest News Factors

1. Governance Debate & Price Decline (~–6%)

ADA dropped from ~$0.688 to ~$0.625 after rejecting $0.68 and testing key support at $0.622.

Triggered by a proposal to allocate ~$100M (140M ADA) from cash to enhance stablecoin liquidity.

Hoskinson's View: Gradual cash conversion through OTC or TWAP to avoid a collapse.