Cardano Whale Activity Impacts Market Sentiment and Long-Term Viability

A recent sell-off by prominent Cardano investors, selling over 4 million ADA, has impacted market sentiment and raised questions about the platform’s long-term future. The move coincided with criticisms surrounding Cardano’s declining Total Value Locked (TVL), prompting a public response from co-founder Charles Hoskinson. He highlighted the platform’s commitment to building a robust ecosystem focused on real utility and network expansion, emphasizing that TVL may not reflect true DeFi activity and resilience.