Cardano Whales Accumulate Despite Price Dip

Cardano prices dropped significantly over the past week, with a notable decline from its high of $0.864 to current levels around $0.762. Market analysis suggests this drop is attributed to broader market downturn concerns. 80 million ADA were purchased by large holders (whales) in the past 48 hours despite the price drop, according to crypto analyst Ali who cited Santiment data. This buying activity raises the possibility of a potential bullish rebound once sentiment stabilizes.