Cardano Suffers Largest One-Day Percentage Loss Since June

Cardano's price has experienced a sharp decline, dropping by 10.08% on Saturday to $0.1518 per unit on the Investing.com Index. This represents its largest one-day percentage loss since June 5.

The cryptocurrency's market cap has also taken a hit, falling to $5.6246B and accounting for only 0.27% of the total cryptocurrency market cap.

This significant drop follows a seven-day decline in value, with Cardano losing 34.3% over this period.