Cardano (ADA) experienced significant volatility, dropping 6.67% to $0.86 following Bitcoin's decline from $117,000 to $111,500, but underlying fundamentals remain strong. Whale wallets holding 10-100 million ADA accumulated 130 million tokens recently, indicating institutional confidence despite market uncertainty. Mean coin age has trended higher after months of decline, signaling network-wide accumulation rather than distribution.
Daily transaction volume averages 2.6 million with steady active addresses throughout 2025, though transaction volume dropped 90% from November 2024 peaks. Development activity maintains a strong score of 80.86, outperforming Ethereum's 25.05. Technical analysis suggests a breakout above $1 could target $1.20, with year-end projections ranging from $0.945 to $2.69 under optimal conditions like ETF approval.
Cardano co-founder Charles Hoskinson expressed long-term optimism in a recent AMA, highlighting the upcoming Midnight Network for data privacy and potential Bitcoin integration into Cardano's ecosystem. He identified two key catalysts: a likely Fed rate cut in September and the possible passage of the Digital Asset Market Clarity Act (CLARITY). ADA's price swung over 10% overnight, with support emerging at $0.856 amid high volatility of 10.48%.