Cardano reached a five-year transaction record with 1,780,896 transactions processed in Epoch 660, surpassing the previous record of 1,566,974 in November 2021, with an average of 83.83 transactions per block. Network monthly revenue hit $136.6k for the first time. However, whales sold over 110 million ADA in five days, putting extra pressure on the price near the $0.24 support level. Daily active addresses simultaneously fell by 41.36% to 15,977. This combination of whale selling, declining network activity, and ongoing price weakness suggests that investors remain cautious about ADA’s near-term prospects, potentially exposing the token to a deeper correction.
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