According to reports, Cardano whales sold almost 200 million ADAS last month, which reduced the price of the digital currency.

According to traditional data, wallets with between 1 million and 10 million ADAS sold a significant portion of their assets. This sales pressure caused Cardano's price to fall from 0.808 to 0.637, but then the price returned to 0.673.

The Cardano community reacted strongly to the sale and expressed its dissatisfaction with the actions of whales on social media. Many investors see this as a factor in reducing confidence in the ADA market.

Despite the sales pressure, the quinshires report shows that Cardano has 63.3 million in capital inflows over the past month; only in the past week, 0.6 million in new capital has entered the cryptocurrency.

Compared to last week, Ripple performed better than Cardano at 4.8 million, Solana at 7.8 million and Ethereum at 15 million in capital inflows.

Currently, the ADA is trading in the 0.67 range. Given the volume of capital input and the slight improvement in price, it is unclear whether this sales pressure will eventually lead to further declines or whether investor demand can change the market trend.