Cardano has dropped nearly 10% in the past week, facing increased selling pressure.
Whale netflow has plummeted 90%, signaling reduced large-holder accumulation.
If bearish momentum continues, ADA could test $0.82, while a shift in demand may push it above $1.
Cardano (ADA) has struggled over the past week, declining nearly 10% amid broader market downturns. However, a deeper look at on-chain metrics reveals that ADA’s price drop is largely driven by a sharp decline in whale activity.
With mounting selling pressure and weakening investor confidence, ADA is at risk of hitting a 30-day low unless market sentiment shifts in favor of accumulation.
Cardano Whales Reduce Buying Activity
On-chain data from IntoTheBlock shows that Cardano’s large holders’ netflow has dropped by 90% over the past seven days. Large holders—whales who own more than 0.1% of ADA’s circulating supply—have significantly reduced their buying activity, indicating a shift toward selling.
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