Cardano Whales Flee as Price Dips Below $0.20

Crypto whales are quietly selling their Cardano (ADA) holdings, which may signal a market reversal. Over the past nine days, 30 wallets holding between 1 million and 10 million ADA have reduced their positions, leading to a price drop from $0.202 to $0.188.

The movement is not just minor; it's a coordinated effort by large holders who historically anticipate market reversals well in advance. The Cardano Foundation's vote in favor of the PRIME program may inject up to 120 million ADA into the market, but this timing raises questions and sparks skepticism among investors.