Caradano’s native gas-paying token ADA received a big blow at the start of June when the SEC regarded it as a security in its lawsuit against Binance and Coinbase.
The lawsuit triggered a 42.5% drop in ADA’s price from $0.37 to a two-year low at $0.21 within a few days after SEC’s lawsuit.
Additionally, the token faced further downside selling pressure due to delisting on U.S.-based trading apps Robinhood and eToro.
However, under the hood, the network has been making progress with an…
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