Cardano (ADA) Price: Whale Accumulation and Van Rossem Hard Fork Set the Stage for ADA’s Next Move

ADA is trading around $0.161–$0.163 as short positions outweigh buying pressure. Whale wallets holding 100,000–100 million ADA accumulated to 25.65 billion ADA, their highest level since February 2023. The Van Rossem hard fork is scheduled for July 18, bringing lower transaction costs and smart contract improvements. Futures open interest rose.