In the last 48 hours, Cardano whales have sold off 300 million ADA, causing a drop in trading volume and impacting the overall price of the coin. This has dampened market enthusiasm and raised concerns about the short-term price outlook. Despite the dip in price, the whales have not bought back ADA, suggesting possible headwinds ahead. Retail investors, on the other hand, have committed to ADA in the future but are adopting a cautious stance. Analysts believe ADA may enter a consolidation phase and show a long-term bullish outlook by March 2025.



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