ADA Token Slides 5.37% as Whale Selling and Futures Activity Intensify Cardano Market Shifts

Cardano (ADAUSDT) has seen a notable 24-hour price decline of 5.37%, with the price currently at 0.3398 on Binance, opening at 0.3591. This downward movement is primarily attributed to increased profit-taking activity among whale wallets, who have reduced holdings by about 30 million ADA since January 21, alongside elevated spent coin activity indicating further selling pressure. Although technical analysis shows buyers defending the $0.36 support zone, recent decreases in trading volume and cautious sentiment have contributed to the negative price action. Additional market developments such as significant spikes in futures and derivatives volumes, ongoing community delegation efforts by the Cardano Foundation, and anticipation surrounding CME ADA futures are shaping Cardano’s ecosystem but have yet to reverse short-term bearish sentiment. Current trading volume remains mixed across platforms, and Cardano maintains a robust market capitalization of approximately $12.81–$13.12 billion, with circulating supply at 36.04 billion ADA.