Cardano (ADA) Drops Below $0.62 as Whales Sell-Off Intensifies

Cardano (ADA) has experienced a sharp decline, dropping below the $0.62 mark amidst an intensified sell-off by large whales ahead of a crucial SEC ETF decision. With traders anticipating institutional inflows upon approval, ADA faces pressure at key levels. While recent gains have been limited, there’s growing anticipation for positive news from the SEC regarding Grayscale’s proposed $ADA ETF application on October 26th.