• Cardano ($ADA) is down 36% from January highs, currently trading near $0.28 after a prolonged correction.
• Whales accumulated over $61M worth of $ADA, adding roughly 220M tokens, signaling long-term confidence despite weak retail sentiment.
• Derivatives data shows declining open interest ($447M) and negative funding rates, reflecting short-term bearish pressure.
• Founder Charles Hoskinson warned that market weakness could persist for up to six months.
• Strategic upgrades are underway, including LayerZero integration and the launch of USDCx, aimed at boosting DeFi liquidity and cross-chain adoption.
• Overall, whale accumulation suggests a potential price floor, but recovery depends on whether new infrastructure delivers real user and capital inflows.
Not financial advice
#ADA #Cardano #CryptoMarket #WhaleActivity #DeFi #LayerZero #Write2Earn $ADA
