According to Gate market data, as of August 4, 2025, the price of Cardano (ADA) fluctuated between $0.73 and $0.82, with a slight rise of 2% in the past 24 hours, but a weekly decline of 8%. The market greed index reached 73, indicating a short-term overbought risk. However, all eyes are focused on the upcoming key event in mid-August—a comprehensive audit, the results of which may reshape ADA's price trajectory.
Audit Storm: August Mid-Month Decisive Moment
In mid-month, Cardano will face a comprehensive audit of its $600 million ADA holdings, investigating allegations of improper use traceable to the 2021 Allegra hard fork period. Founder Charles Hoskinson has announced that the audit results will be live-streamed, highlighting the matter.