Cardano Price Drops Amidst Whale Sell-Off, But Recovers Quickly

A significant sell-off by large holders of ADA cryptocurrency resulted in a brief dip in the price of the coin before it rebounded strongly. A total of 50 million ADA was sold off over two days by wallets holding between 1 million and 10 million ADA tokens, according to crypto analyst Ali Martinez. This move caused a noticeable drop from $0.84 to $0.80 before a swift recovery. The chart provided by Santiment reveals the extent of this sell-off, which aligns with the price decline.