Cardano's Significant Dip: A 65% Drop as Market Faces Turmoil
The price of Cardano plummets below $0.30 amidst a widespread market crash, marking a troubling period for one of the leading cryptocurrencies.
In the past 15 hours, most altcoins experienced a downturn, and Cardano’s ADA was significantly affected. Previously resilient at approximately $0.85, analysts anticipated it might surge to $1 or even $2. However, the situation worsened dramatically as it plunged below $0.30 on Binance, reflecting a staggering 65% drop, marking the lowest point since August 2024.
ADA/USD on Binance
ADA/USD data via TradingView
The decline mirrored similar trends across various exchanges, with Bitfinex reporting a drop to $0.30 and Kraken to $0.42. However, some exchanges exhibited slightly less drastic falls, with Bitstamp recording a price of $0.56 and Coinbase settling at around $0.60.
Significant Crypto Crashes Since 2020
- Coronacrash: Mar 12, 2020 (BTC -54%)
- 3AC crash: Jun 10-13, 2022 (ETH -32%)
- FTX collapse: Nov 8-9, 2022 (ETH -35%)
- Elon hangover crash: May 19, 2021 (ETH -40%)
- Trump Tariffs 2.0 crash: Oct 10, 2025 (ADA -67%)
The downturn was intensified by news of US President Donald Trump’s threats to impose new tariffs on China, leading to the largest liquidation event in history with over $19 billion vanished from the crypto market.
Concern escalates with Cardano, as large holders, known as whales, have been offloading their holdings—40 million ADA sold within a week—fuelling further selling pressure and potentially influencing smaller investors’ actions.
40 million Cardano ADA sold by whales in the past week!
— Ali (@ali_charts)
