Cardano Whales Drive Market Correction, Volatility Surges

Cardano experienced a significant market correction this week following the distribution of 40 million ADA by large whales. This action triggered increased volatility and price drops as traders faced challenges navigating the fluctuating landscape. The cryptocurrency’s price saw a sharp decline exceeding 17% in a single day, followed by a partial rebound. Despite short-term losses, long-term trader positions remain bullish, though heavy positioning could trigger further liquidations if market momentum falters.