Significant transaction increase: Cardano recorded $25.48 billion in large transactions, marking a 9.42% rise over the previous day. This growth suggests increased activity from both whales and institutional investors, reflecting considerable buying or selling pressures within the market despite the recent price declines.

Price decline despite activity: Despite the surge in transactions, ADA’s price dropped by 4.2% to 1.15 USD amid a broader market profit-taking trend. After peaking at 1.23 USD on December 6, the cryptocurrency continues to face downward pressure as traders capitalize on profits, impacting the price negatively.

Security and investor alerts: The Cardano community should be cautious following the compromise of the Cardano Foundation’s X account, advising users to be wary of scams. Meanwhile, despite recent downturns, Cardano attracted new inflows, adding 5.2 million USD to digital asset investments last week.