ADA Token Faces 2.44% Decline as Whales Sell 90 Million and Demand Zone Nears

Cardano (ADAUSDT) saw a 2.44% price decline over the past 24 hours, with the current price at $0.3513 according to Binance. This bearish movement is primarily attributed to increased selling pressure from large ADA holders ("whales"), who collectively offloaded 90 million tokens between December 20–23, and overall negative market sentiment highlighted by technical indicators confirming a sustained downtrend. Despite recent platform enhancements, such as Midnight’s privacy token integration and expanded ADA staking capabilities, short-term price action remains cautious as ADA approaches a major demand zone around $0.35–$0.37, with trading volume reported at approximately $366 million and market capitalization at $12.62 billion.