The post Cardano price under pressure as whales dump $100M ADA appeared on BitcoinEthereumNews.com. Cardano price is facing renewed downside after heavy whale selling triggers short-term pressure. Summary Whales sold 100M ADA in three days. DeFi and trading volumes are declining. ETF hopes and network upgrades may aid recovery. At press time, Cardano was trading at $0.6404, down 0.7% over the previous day. Although ADA has increased by roughly 1.7% in the past week, it remains down 20% over the past month. The token has been moving within a 7-day range of $0.6303 to $0.6905, suggesting a period of cautious trading after recent volatility. Trading activity also appears to be cooling. Cardano’s (ADA) 24-hour volume has slipped by 6.3% to $1.39 billion, a sign of slowing participation. On the derivatives side, CoinGlass data shows that futures volume jumped 34.83% to $2.11 billion, even as open interest dipped slightly by 0.21% to $705.83 million. This mix usually means traders are rotating their positions , closing older trades and opening new ones, as they anticipate the next move rather than committing to a clear direction. Cardano whales offload 100M ADA On-chain analyst Ali Martinez reported on Oct. 29 that whales sold 100 million ADA, worth about $65 million, within 72 hours. Such sell-offs often trigger short-term volatility, but they don’t always spell long-term weakness. In many cases, the market absorbs the selling once prices stabilize and smaller buyers step back in. Still, Cardano’s decentralized finance ecosystem is showing signs of strain. Data from DeFiLlama indicates that total value locked has fallen from $360 million in early October to about $280 million now. Monthly decentralized exchange volume has slipped from $125 million in July to just $85 million this month, while the stablecoin market cap has dropped to $38.5 million. These figures suggest a gradual slowdown in on-chain activity. Despite the current pullback, several events could shift… The post Cardano price under pressure as whales dump $100M ADA appeared on BitcoinEthereumNews.com. Cardano price is facing renewed downside after heavy whale selling triggers short-term pressure. Summary Whales sold 100M ADA in three days. DeFi and trading volumes are declining. ETF hopes and network upgrades may aid recovery. At press time, Cardano was trading at $0.6404, down 0.7% over the previous day. Although ADA has increased by roughly 1.7% in the past week, it remains down 20% over the past month. The token has been moving within a 7-day range of $0.6303 to $0.6905, suggesting a period of cautious trading after recent volatility. Trading activity also appears to be cooling. Cardano’s (ADA) 24-hour volume has slipped by 6.3% to $1.39 billion, a sign of slowing participation. On the derivatives side, CoinGlass data shows that futures volume jumped 34.83% to $2.11 billion, even as open interest dipped slightly by 0.21% to $705.83 million. This mix usually means traders are rotating their positions , closing older trades and opening new ones, as they anticipate the next move rather than committing to a clear direction. Cardano whales offload 100M ADA On-chain analyst Ali Martinez reported on Oct. 29 that whales sold 100 million ADA, worth about $65 million, within 72 hours. Such sell-offs often trigger short-term volatility, but they don’t always spell long-term weakness. In many cases, the market absorbs the selling once prices stabilize and smaller buyers step back in. Still, Cardano’s decentralized finance ecosystem is showing signs of strain. Data from DeFiLlama indicates that total value locked has fallen from $360 million in early October to about $280 million now. Monthly decentralized exchange volume has slipped from $125 million in July to just $85 million this month, while the stablecoin market cap has dropped to $38.5 million. These figures suggest a gradual slowdown in on-chain activity. Despite the current pullback, several events could shift…