Large Cardano (ADA) holders are systematically reducing their positions following the market’s recent rally. In just nine days, the number of wallets holding between 1 million and 10 million ADA fell from 2,370 to 2,340, according to blockchain analyst Ali Martinez. The ADA price dropped from $0.202 to $0.188 under this pressure, and could decline toward $0.170 in case of an intermediate pullback, or toward $0.144 in case of a deeper correction. Technical indicators, including the MVRV ratio and the TD Sequential sell signal, confirm the exhaustion of upward momentum and the coordinated exit of large players.
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