The price of Cardano (ADA) has dropped by 9.62% over the past week, with a recent dip in user engagement. This drop can be attributed to whales offloading over 180 million ADA tokens, according to market data from Santiment. Previously, from late December to early January, ADA experienced a surge in price and whale holdings increased. However, this trend has reversed in recent weeks, with whale holdings decreasing and substantial outflows from major investors. While there has been an increase in investor and retail holdings, it could introduce more volatility to the market.



Other News from Today