Cardano (ADA) has experienced significant capital outflows from its centralized exchange platform, with $500 million worth of withdrawals in the past three months.
This move reduces the supply available on exchanges, This is an important indicator of the holder’s long-term confidence in the assetas it signals an intention to hold rather than sell in the short term and an expectation of future price appreciation.
Paradoxically, large withdrawal activity occurs during periods of weak asset performance. In mid-August, ADA was trading around $1.02. The current price is $0.59, which represents a decline of approximately 42% in the quarter under analysis..
The chart shows that prices remained in a flat range between $0.80 and $1.00 for most of August and early September. Strong selling pressure became evident around October 10, causing a vertical decline in prices. Since then, the digital asset has been stabilizing, trading primarily in the $0.60 to $0.75 range until the recent drop.
Despite the quarterly decline, Cryptocurrency Shows Remarkable Resilience by Maintaining Above the $0.50 Thresholdpsychological and technical levels important for price stability.
Despite the challenging market outlook, the development of the Cardano network maintains a trajectory of growth and technological improvement. Last week, CriptoNoticias reported on an update, Ouroboros Phalanx. If this is implemented, Potentially strengthens protocol security and speeds transaction completion It will increase by about 30%.
