Cardano Market Plunges: Whale Activity Sparks Concern

Cardano (ADA) has experienced a significant price drop, shedding over 7% in the past day, as large investor activity raises concerns about market weakness and potential shifts in strategy. According to on-chain analyst Ali, whales dumped over 270 million ADA in the past week, prompting a sharp decline in the asset’s value. This sudden selloff has triggered uncertainty within the crypto market. Experts are debating whether this is part of a larger market downturn or a carefully calculated move by large holders.