Cardano Whales Sell, Uncertainties Surround ADA’s Future

A substantial dump of over $42 million worth of Cardano (ADA) by major investors has raised concerns about near-term price volatility despite recent market recovery. Blockchain data suggests whales holding large amounts of ADA (between 1 million and 10 million ADA tokens) significantly reduced their holdings, coinciding with ADA’s struggle to maintain momentum above the $0.84 mark. This move sparked doubts about the token’s long-term trajectory.