Cardano’s price has experienced a significant drop, falling to around $0.63 after a recent surge of 8%. While some market analysts see the dip as a chance for investors to capitalize, others are concerned about the potential impact of large-scale selling from whales. 100 million ADA worth of holdings was offloaded by these significant holders in just one week, according to analyst Ali Martinez on X (formerly Twitter). His analysis reveals that whale addresses holding 1-10 million ADA have been steadily reducing their stake over the past month, dropping more than 310 million ADA from March to April. This selling spree coincides with a sharp price drop for Cardano. The price fell between $0.71 and $0.51 during this period. However, despite these concerns, the price started to recover after April 7th and reached $0.636 by April 13th. This suggests potential buying activity from smaller investors amid the whale-driven selling. Nevertheless, experts argue that large-scale sales often signal a lack of confidence in Cardano’s future prospects or anticipation of further price declines. If this trend continues, Cardano might struggle to keep up with the market’s recovery and could continue lagging behind other major cryptocurrencies like Solana and XRP. The continued activity of these big holders will be crucial to watch for insights into the long-term trajectory of Cardano. Their actions often predict future price movements and raise concerns about the cryptocurrency’s ability to participate in broader market growth.