ADA Token Sees 2.99% Price Dip Despite 100 Million Accumulation and DeFi Trading Surge

Cardano (ADAUSDT) experienced a 2.99% price decrease over the past 24 hours, with the current Binance price at $0.3533. This downward movement can be attributed to mixed market sentiment, including a recent drop in overall trading volumes across major cryptocurrencies and signs of short-term bearish momentum indicated by technical factors such as the MACD and RSI. Although large-wallet holders accumulated an additional 100 million ADA and Cardano’s DeFi activity saw increased trading volumes—especially driven by NIGHT token—these positive fundamentals were offset by consolidation and lower liquidity in December. ADAUSDT traded between $0.3481 and $0.3707 during this period, with a 24-hour volume ranging from $636.27 million to $787.46 million and a circulating supply near 36-37 billion ADA.