Cardano Open Interest Falls to 2 Billion ADA as Price Dips Below $0.40

Cardano open interest fell 7.26% in the last 24 hours to two billion ADA valued at $780.30 million, while price slipped below $0.40 to $0.3911 after an intraday high of $0.4093. Trading volume declined 20.56% to $588.63 million. Gate, Binance and Bybit accounted for 27.03%, 16.685 and 13.02% of total open interest over the same period.