Cardano Achieves Several Milestone This Month, But Price Remains Depressed

Cardano (ADA) has achieved significant milestones recently, including surpassing 115 million on-chain transactions and demonstrating network resilience during major AWS outages that affected centralized competitors. Furthermore, community support remains strong, evidenced by 57% of the total supply (21.8 billion ADA) being staked. However, despite these positive fundamentals and consistent market capitalization, the token's price has been lagging for several weeks. Analysts suggest that the most likely cause for this price depression is whale activity, where large holders initiate massive sales to blunt any forward price momentum, often through rampant profit-taking. While some minor signs of weakening retail interest exist, the overall conclusion is that ADA retains strong community support and fundamentals to potentially capitalize on future bullish cycles.

(Source：BeInCrypto)