ADA has dropped over 8% in 24 hours to fall below $0.255, erasing much of its recent gains despite increased activity among large Cardano holders. Whale transactions of at least $100,000 reached 314 on October 5, the highest level in over four months, signaling greater mobilization of major ecosystem players. The token’s market cap had surged more than 42% since September 16, climbing from under $0.19 to over $0.27 before the current pullback. ADA’s social dominance hit 1.16%, its highest reading of the year, driven by the October 1 RealFi mainnet launch and anticipation around Leios and institutional integrations. ADA is the worst performer among the 30 largest cryptocurrencies, with leveraged positions amplifying the correction as open interest had swelled by 25% to exceed $300 million before the bearish reversal.
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