The price of Cardano is pointing to a brutal drop: could the mysterious transfer of 150,000,000 ADA be the trigger? The Wednesday session of Cardano took a hit after a transfer of 150,000,000 ADA — around $63.3 million — that moved between two unknown wallets, according to Whale Alert.
The market noticed the size, timing, and the fact that it occurred during a slow trading period. As a result, in the next 15 minutes, the price of ADA dropped from approximately $0.421 to $0.414 in shorter time frames before stabilizing around $0.417-$0.418.
The daily chart was already pointing downwards. ADA has been on a slight decline since early October, moving from the $0.95-$1.05 range to a drop that extended into November. This close near $0.417 keeps the Cardano token within that same path, where each bounce fades quickly and buyers do not hold their position for long.
The transfer is now the main topic of conversation. When a holder moves 150 million ADA during a weak period, traders naturally assume that the wallet may be preparing options: selling, rotating, or simply positioning for what comes next. We have no solid confirmation, but it is rare for major players to move funds of this size without a clear reason.
Cardano's December story offers little relief
The month looks strong in the numbers due to an exceptional year, while most Decembers were mild or negative. With ADA near several months' lows, the market is more willing to think that this month could be quieter than usual. If ADA falls below $0.41, the chart shows that it is heading towards $0.38-$0.40, which was the support zone in November. Maintaining the current range helps stabilize prices, but if there is more activity in the wallet, traders might see it as an early sell signal and adjust their positions.#Binanceholdermmt $ADA , #ETHBreaksATH $ETH 
