Cardano ADA Price Drops as Crypto Whales Sell $100 Million in Tokens

The price of Cardano's native cryptocurrency ADA has experienced a significant decline following reports that major cryptocurrency holders, known as "whales," have offloaded approximately $100 million worth of ADA tokens. This substantial sell-off by large investors has created downward pressure on ADA's market value, contributing to the current price drop. Market analysts are monitoring the situation closely as whale movements often signal potential trend changes in cryptocurrency markets.