ADA Drops 2% Amid Whale Accumulation and Rising Institutional Interest: Cardano Eyes CME Futures Launch

Cardano (ADAUSDT) experienced a 2.02% decline over the last 24 hours, currently trading at $0.3596 on Binance, attributed primarily to ongoing bearish market sentiment and technical resistance near the $0.39 level. Despite notable whale accumulation, including an addition of 100 million ADA to large wallets and active short-term on-chain movements, the price remains under pressure due to broader risk-off dynamics and selling at resistance zones. Recent news regarding the distribution of $77 million in tokens for network development and anticipation of Cardano futures launch at CME have increased institutional interest, but have yet to offset the overall downward trend. Trading volume on Binance reached 60.46 million USDT, with ADA's market capitalization estimated around $12.72–$13.22 billion and a circulating supply of approximately 36.04 billion ADA.