ADA Token Sees 2.61% Decline Amid Rate Cut, High Shorts, but Cardano Activity Surges

ADAUSDT declined by 2.61% in the last 24 hours, primarily driven by bearish sentiment following consecutive price drops, increased short positions (54.62%), and a decrease in futures open interest to $773 million alongside significant liquidations amid market-wide deleveraging. Additional downward pressure came from low retail participation and the Federal Reserve’s recent 25 basis point rate cut, which contributed to broader risk-off sentiment. Despite these short-term headwinds, Cardano network activity remains strong, with transaction volume and daily active addresses reaching multi-month highs. At present, ADAUSDT is trading at $0.4103 on Binance with robust 24-hour trading volume, reflecting ongoing consolidation at current price levels.