Cardano Price Holds Steady Despite Whale Sell-off

Despite a significant sell-off by large holders who dumped over 350 million ADA in recent days, Cardano (ADA) managed to maintain stability with a 2.65% gain within the past 24 hours. On-chain data from Santiment revealed that wallets holding between 100 million and 1 billion ADA experienced substantial balance reductions this week. While this initial drop triggered bearish sentiment, leading ADA briefly below $0.68, buyers quickly intervened to push prices back toward the $0.70 mark.