ADA Token Slides 5% Amid Profit-Taking Despite Strong Network Activity and Upcoming Cardano Upgrades

Cardano (ADAUSDT) saw a 5.09% price decrease over the last 24 hours, moving from a 24-hour open of $0.4242 to a current price of $0.4026 on Binance. This decline contrasts with earlier upward momentum attributed to large wallet accumulation, strong on-chain activity, and anticipation of future network upgrades, including the planned 'van Rossem' hard fork and cross-chain DeFi integration. The recent pullback may be linked to profit-taking after a recent rally and shifting market sentiment, despite Cardano maintaining substantial trading volumes and a circulating supply of about 35.96 billion ADA. ADA/USDT continues to be actively traded across major exchanges, with Binance reporting $56.71 million in 24-hour volume.