Cardano ADA News: Whale Selling Pressure Causes Price Drop; Investors Remain Hopeful

Cardano Whales Sell 170M ADA, Price Drops to $0.65

Cardano (ADA) has experienced significant selling pressure from whale accounts, leading to a decline in price. In recent days, whale accounts have sold over 170 million ADA, causing the price to drop from $0.83 to $0.65. This key price level is now crucial for ADA’s future direction, with close attention from investors and analysts.

Cardano Investors Continue to Be Hopeful despite 11% ADA Price Drop

Amid the broader market correction, Cardano’s native cryptocurrency ADA is also facing strong selling pressure. As of press time, the ADA price is trading down by 6.46% at $0.3498 with a market cap of $12.2 billion. Cardano (ADA) price has faced strong pressure at $0.40 as bulls have been unable to overcome these levels in the past few months. Despite this, the Cardano bulls continue to have hopes.

Cardano Price Predicted to Hit $1; Panshibi Token Gaining Traction After Binance Listing

Cardano (ADA) is showing signs of a comeback, with experts predicting a breakout to $1 due to smart contract upgrades and increased demand. Separately, a new crypto token called Panshibi is expected to surge by 10,000% following its listing on Binance. Investors are speculating on the future of both coins.

Cardano’s Whale Purchases Surge, But Price Struggles

Cardano (ADA) has seen a significant increase in whale activity, with over 130 million ADA purchased in the last 72 hours. Despite this, the price of ADA continues to struggle, currently trading at $0.5912, a decline of 11.65% in the past 24 hours. While whale purchases often signal confidence, several factors suggest short-term price recovery remains unlikely.