ADA Price Dips 4.26% Amid Whale Accumulation and Regulatory Gains: Key Cardano Developments Unfold

Cardano (ADAUSDT) has seen a notable price decline over the last 24 hours, with the Binance price currently at 0.4025 USDT, reflecting a 4.26% decrease from its 24h open of 0.4204. The price drop follows a period of heightened market activity and significant whale accumulation, as approximately 100 million ADA were added to large wallets in the past week, indicating underlying investor confidence. Despite robust trading volumes (over $737 million in 24 hours across platforms) and positive regulatory developments such as Binance’s MiCAR approval for regulated ADAUSDT trading in Europe, recent technical resistance near the $0.4273 high and an inability to sustain bullish momentum have contributed to the retracement. Additional factors include network upgrades like the activation of Ouroboros Leios and anticipation of future hard forks, which have supported long-term sentiment but have not offset short-term profit-taking and volatility. Cardano’s market capitalization remains strong, ranging from $14.33 to $15.94 billion, with active trading and a circulating supply of over 36.57 billion ADA.