In late February 2026, the price of Cardano (ADA) surged to $0.31 but was later revealed to be a bull trap. Large whale groups sold off over $540 million worth of ADA, causing retail buying pressure to sharply decline and the price to retrace 17%. Data from Santiment shows that the largest wallet tier sold 1.02 billion ADA within a single day. Although mid-sized whales accumulated 819.4 million tokens over six months, their $340 million buy-in was completely offset by the sell-off wave. Currently, ADA's price fluctuates between $0.26 and $0.27, with $0.25 serving as a key support level.
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In late February 2026, the price of Cardano (ADA) surged to $0.31 but was later revealed to be a bull trap. Large whale groups sold off over $540 million worth of ADA, causing retail buying pressure to sharply decline and the price to retrace 17%. Data from Santiment shows that the largest wallet tier sold 1.02 billion ADA within a single day. Although mid-sized whales accumulated 819.4 million tokens over six months, their $340 million buy-in was completely offset by the sell-off wave. Currently, ADA's price fluctuates between $0.26 and $0.27, with $0.25 serving as a key support level.