Cardano's ecosystem is in sharp decline, with DeFi value locked down 87% from its peak and network activity collapsing. Despite this, large Cardano holders (whales) began buying ADA near $0.16, a five-year low, even as a scandal involving missing Bitcoin from the foundation surfaced. Derivatives data show big traders are mostly short while retail investors are heavily long, setting up a possible short squeeze. The buying by whales likely aims to create exit liquidity, allowing them to sell into a retail-driven price bounce rather than signaling a genuine recovery. Without sustained whale accumulation or a rebound in fundamentals, the current buying appears strategic rather than optimistic.
Research suggests Cardano's founding entities sold more than 1.5 billion ADA tokens during the 2021 bull run when prices peaked at $3.09. This has sparked debate in the crypto community about governance and transparency, although the Cardano Foundati...
Charles Hoskinson, founder of Cardano, announced he is shifting community AMA sessions from X (formerly Twitter) to Discord to foster better-moderated discussions. While he will continue livestream broadcasts on X to his million followers, all AMA qu...
Data shows large holders of XRP are sending fewer tokens to Binance, indicating less selling pressure after ETF approvals. This reduced supply could help XRP recover to $1.80–$2.00 if inflows stay low. Meanwhile, Cardano's long-term holders are becom...
The CoinDesk 20 index fell 0.3% to 1711.6, with Ethereum (ETH) down 1% and Cronos (CRO) down 1.4%, marking them as the biggest decliners. Meanwhile, NEAR and ADA led gains with increases of 2.7% and 1.0%, respectively. The index reflects a broad rang...
Cardano founder Charles Hoskinson is moving community discussions from X (formerly Twitter) to new, moderated Discord servers to foster more positive and productive conversations. This shift follows recent controversies over Cardano governance and tr...
