Cardano Whales Sell-Off: Impact on ADA's Recovery

Cardano whales, holding between 10 million to 100 million ADA, have sold approximately 380 million ADA, valued at over $103 million, since February 24. According to NS3.AI, this significant sell-off has hindered ADA's modest recovery. As of the article's publication, ADA was trading at $0.264, remaining below its 20-day exponential moving average.