ADA Price Drops 3.82% Amid Whale Accumulation, High Binance Volume, and Market Volatility

Cardano (ADA) experienced a 3.82% price decrease over the past 24 hours, falling from an open of 0.4217 to the current Binance price of 0.4056. This movement follows heightened market activity and technical signals observed earlier in the period, including a bullish retest of the $0.38 support level, increased futures open interest, and notable whale purchases of ADA. While strong buyer interest and positive sentiment were evident, reports of a controlled distribution phase and a "sell-the-rally" bias likely contributed to the short-term price pullback. ADA continues to see active trading, with Binance reporting a 24-hour volume of 190.79 million ADA (equivalent to 80.16 million USDT), and the circulating supply stands at 35.96 billion ADA out of a maximum 45 billion.