Cardano Market Dynamics: Whale Activity & TVL Decline

Recent Cardano market activity has sparked attention, with whale transactions indicating a significant ADA sell-off exceeding 4 million coins. This coincided with founder Charles Hoskinson defending the network against critiques over a slump in Total Value Locked (TVL). He attributes this decline to broader market fluctuations and emphasizes that Cardano’s focus remains on long-term utility rather than short-term DeFi metrics.