Why Is Cardano Down Today? ADA Drops 8% as Whale Activity Jumps

ADA traded near $0.2515 on October 8, down about 1.5% from the prior close and within an intraday range of roughly $0.2508 to $0.2579. The move does not substantiate the 8% same-day decline cited in the headline. Pressure is visible in positioning: large holders reportedly sold about 90 million ADA, worth approximately $22.5 million, since September 20, while futures open interest declined about 9%, according to CoinEdition reporting carried by CryptoNews .

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