The cryptocurrency market is experiencing bearish sentiment, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) facing significant selling pressure.
Cardano (ADA) is not immune to this trend and could see a substantial price decline despite whales having recently purchased 170 million ADA tokens. This accumulation suggests that large investors are positioning themselves for a potential market recovery.
However, the prevailing market conditions indicate that Cardano's price may still drop by 10% in the near term.
![Will THIS help Cardano [ADA] bulls reach $0.39?](https://loutre.blockchair.io/w4/storage/news/2d065a81e30cf52ab74493b9ec97beaa.png){kind=small}