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ADA Price Plunges 3% After Trump Memecoin Rumor Gets Debunked

Guavy AI Editorial Team
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ADA MEME
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Cardano's price pulled back by 3% to $0.21996 on August 24, as it cooled off from last week's rally after breaking above the 0.5 Fibonacci level near $0.213.

Crypto trading volume surged to about $85 billion over the past 24 hours, one of the highest weekend readings in months.

A rumor about a new Trump-linked memecoin launch was debunked, and the market remains volatile as it awaits key macro events like the Jackson Hole Symposium and the PCE inflation report.

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