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The recent hits ADA has taken are truly eye-catching. While the price has dropped quite rapidly, I also learned that there has been a significant erosion in the fund's assets. I heard that there is approximately a 45% loss.
Such movements can normally cause panic, but there is also a positive development. The independent audit conducted by Grant Thornton shows that the project is taking a serious step toward transparency. At least, we will be able to see more clearly what is being done by the management.
The fact that ADA's crash is so sharp and simultaneously the audit news is an interesting combination. It remains to be seen how the market will interpret these two factors. Increased transparency could be positive in the long term, but in the short term, price pressure may continue.