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JUST IN: Cardano Foundation Assets Plunge 45% Amid Sharp Drop in ADA Price
The Cardano Foundation's total assets fell 45% to $361 million, primarily due to the sharp drop in the price of ADA.
The foundation spent $29.7 million on core activities and diversified its holdings into equities, loans, and funds. Grant Thornton witnessed the results of the on chain audit for the first time, marking a new milestone in transparency.