$ADA As Whales Dumped Over 270 Million Cardano in One Week – Sign of a Downturn or Strategic Move?

consolidating near a critical support zone that could shape the direction of its price action in the coming weeks. After a sharp drop of 15% since Wednesday, ADA is showing signs of weakness as broader market sentiment turns more negative amid rising geopolitical tensions. The conflict between Israel and Iran injected significant volatility and uncertainty into global markets, impacting the crypto space. The recent losses of ADA reflect this risk-averse environment, as investors become more cautious and liquidity decreases. The failure to hold above a key resistance early in the month turned previous support levels into pressure points for the bulls. If ADA fails to defend the current range, a further decline towards lower support zones could occur quickly. According to on-chain data from Santiment, Cardano whales dumped over 270 million ADA in the last week. This significant distribution increases selling pressure and suggests that large holders may be anticipating further declines or, at the very least, reducing exposure amid macroeconomic instability.