Rich by Coin

ADA’s technical weakness is now spilling over into fundamentals. Notably, that weakness is clearly reflected in its market cap. Whales have offloaded 120 million ADA in the past two months, coinciding with ADA’s roughly 50% drop from its $0.80 peak. This also highlights Cardano’s struggle to hold $0.80 as support.

Taken together, weak FOMO, falling TVL, technical weakness, and shaky fundamentals all indicate that Cardano overvalues itself. Cardano has underperformed most altcoins, losing all election-cycle gains, with weak user activity, stagnant TVL, and muted FOMO signaling technical and fundamental weakness.