$ADA is currently trading at ~$0.62 — a drop of ~1.7% for the day

The pressure is coming from large sellers (whales), with a total sale of nearly 270 million ADA (~$170 million).

But there is also positive news: the Cardano Foundation has launched Originate — a tool for supply chain management, and there is discussion about allocating $100 million ADA from the treasury to DeFi, which could add momentum.

📌 Today's range: $0.615–$0.642

📌 Head of DeFi debates — Charles Hoskinson proposed a gradual sale through OTC/TWAP to avoid triggering a sharp decline.

For now, we are in the $0.62–$0.64 zone with prospects for growth if the new initiatives are supported. The intrigue is — will the whales stay? 🤔