ADA drops 17% this week, official 70 million budget can't stop market chill

【Crypto World】ADA has been a bit tough this week. The weekly decline has already expanded to nearly 17%, and yesterday’s 24-hour drop added another 6 points. From a technical perspective, the bearish pressure shows no signs of easing.

What’s more heartbreaking is that the Cardano Foundation just approved a large budget of 70 million Sedi to be used for critical network upgrades and sustainability initiatives. This should have been a positive signal. However, the market remains indifferent, and investors seem increasingly numb to governance actions.

This phenomenon clearly illustrates the issue—projects are progressing, data is updating, money is being spent, but confidence is lagging behind. The progress in governance and market sentiment are completely disconnected, which is a common awkward situation faced by many established projects today. The key will be whether tangible progress can be made to reverse expectations.