Cardano (ADA) Whales Sell 100M Tokens, Market Struggles Around Key Resistance

Significant Cardano (ADA) whale activity has surfaced as over 100 million ADA tokens have been sold in just one week. This sale comes amid a price level that is currently facing resistance, according to on-chain analytics firm Santiment. Data shows a current drop in whale holdings, which now stand at approximately 5.65 billion ADA. This sudden sell-off has caught attention because it is happening right as Cardano approaches an important price point.