ADA Price Slides 3.6% Amid $70M Ecosystem Fund and Grayscale Trust Anticipation

Cardano (ADAUSDT) is currently trading at $0.3962 on Binance, down 3.60% from the 24h open of $0.4110, with a recent 24-hour high of $0.4228 and a low of $0.3955. The price decline over the past 24 hours is primarily attributed to profit-taking after a period of bullish momentum, along with market reactions to recent ecosystem developments such as the ratification of a 70 million ADA fund for stablecoin and oracle integrations and ongoing anticipation regarding the SEC's upcoming decision on the Grayscale Cardano ADA Trust. Increased futures trading activity has also contributed to heightened volatility, as indicated by significant surges in reported futures volume. Cardano's market capitalization stands at approximately $14.39 billion, with a 24-hour trading volume of about $609.86 million and a circulating supply of 35.95 billion ADA, reflecting active trading and institutional participation amidst ongoing network upgrades and integration plans.