ADA Token Sees 2.61% Drop Amid High Volume After ETF Inclusion and Grayscale Filing News

Cardano (ADAUSDT) has experienced a 2.61% price decline over the past 24 hours, falling from 0.3559 to 0.3466. The drop can be attributed to ongoing consolidation near recent lows, increased long liquidations in futures and spot markets, and a cautious sentiment among traders. Despite these bearish pressures, market activity surged with trading volume spiking—reaching between $246.60 million and $598.38 million in the last day—driven by speculative interest following ADA's inclusion in the ARK Top 20 Crypto Index ETF and recent news of Grayscale’s ETF filing. Cardano currently trades at 0.3466 USDT on Binance, with market capitalization estimated between $12.15 billion and $13.04 billion and a circulating supply of 36.04 billion ADA, maintaining its position among the top cryptocurrencies by market cap.