$ADA O Token ADA Recovers 2.13% After a Volatile Week, Focusing on the Increase of DeFi and Inclusion in the Nasdaq Index

ADAUSDT traded up in the last 24 hours, with the price rising 2.13% from a 24h open of $0.6232 to $0.6365 on Binance. This recovery follows a period of high volatility and a sharp decline earlier in the week, which was driven by large-scale movements of 270 million ADA, a broader market correction, and an ongoing debate within the Cardano community about a proposal to convert 140 million ADA from the treasury into stablecoin USDM to increase DeFi liquidity. The recent inclusion of ADA in the Nasdaq Cryptocurrency Index has increased institutional visibility, but whale activity has decreased, and overall sentiment remains cautious amid reduced trading volumes and technical weakness.

Currently, the price of ADA is $0.6365 with a 24-hour trading volume of approximately $640 million and a market capitalization close to $35.7 billion. Despite the recent recovery, ADA remains down 14% for the week and 26% year-to-date, reflecting ongoing uncertainty and consolidation in the market.