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Cardano’s supply in profit shrinks by 3.55 billion ADA amid 13% price drop

Over the past week, Cardano’s supply in profit has declined by 3.55 billion ADA, bringing the total to 29.06 billion ADA. Simultaneously, the price of ADA has dropped by 13%, affecting the number of investors holding coins in profit.

The daily unique addresses on the Cardano network have seen an 81% decline, reflecting decreased network engagement. With the current market sentiment, ADA may face further price drops, potentially reaching $0.85, or it may rally back to $1.12.

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