In just one week, Cardano whales have offloaded more than 100 million ADA, raising concerns among traders due to the heavy selling pressure.

Despite this sell-off, retail holders are accumulating, as seen by the rising number of holders surpassing 4.46 million, highlighting increased retail interest.

ADA’s current price is 0.7046 USD, above critical support. For a bullish recovery, ADA must reclaim the 0.75-0.80 USD range.