110,000,000 ADA sold by Cardano whales: Is a bigger drop coming?

Cardano (ADA) has fallen 15.70% over the past seven days to approximately $0.234, as large investors reduced their holdings by more than 110 million tokens and network participation weakened. Cardano fell 15.70% over seven days, trading near $0.234 amid continued pressure from cryptocurrency sellers. Large Cardano holders sold over 110 million ADA within five days, according to analyst Ali Martinez. Daily active addresses declined 41.36%, falling from 27,248 to 15,977, according to Santiment figures shared. Cardano processed 1,780,896 transactions during Epoch 660, surpassing its previous five-day transaction record from 2021.

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