ADA Sees 6.18% Drop Amid Major Holder Moves and Surging Volume as CME Futures Launch Nears

Cardano (ADAUSDT) has declined 6.18% over the past 24 hours, opening at 0.3595 and currently trading at 0.3373 on Binance. The price drop coincides with significant market events, including large holders reducing ADA balances by around 30 million ADA since January 21, potentially contributing to selling pressure. Meanwhile, positive developments such as the Cardano Foundation’s delegation of 220 million ADA to community DReps, increasing decentralization, and CME Group’s upcoming launch of ADA futures suggest growing institutional interest. Trading volume surged by as much as 94.50% in the same period, indicating heightened market activity amid volatility. Cardano’s market capitalization remains between $12.13 billion and $12.35 billion, with the circulating supply at over 36 billion ADA. Recent technical indicators show ADAUSDT trading near key support levels, with analysts watching for either a bullish reversal above resistance or further downside if support fails.