ADA Price Dips 5.3% After Nasdaq Index Surge; Whale Accumulation and DeFi Initiatives Drive Volatility

Cardano (ADA) saw a 5.30% price decline over the past 24 hours, with the current price at $0.6632 (Binance data). The recent price drop follows a period of heightened volatility and trading activity, largely driven by ADA’s inclusion in the Nasdaq crypto index, which initially boosted trading volumes by 68% and led to a brief price surge. However, subsequent profit-taking and technical resistance near $0.72 contributed to the pullback. Additional factors influencing ADA’s market include significant whale accumulation of over 120 million ADA, the launch of the Cardinal protocol enabling Bitcoin DeFi integration, and a proposed $100 million stablecoin initiative aimed at expanding Cardano’s DeFi ecosystem. Trading volume remains elevated, reflecting ongoing institutional and retail interest, while the $0.66–$0.68 range is now acting as a key support zone amid continued consolidation.