Cardano’s ADA is experiencing a significant shift in market dynamics as long-term holders have increased their selling activity by 135%, according to recent on-chain data. This surge in sales from holders of 365 days to 2 years contrasts with a 92% decline in selling from 30-day to 60-day holders, indicating a redistribution phase. Despite ADA trading within a falling wedge pattern and holding support near $0.38, the market’s stability appears fragile, driven by short-term traders rather than long-term conviction.
Meanwhile, Zero Knowledge Proof (ZKP) is gaining attention for its innovative approach to blockchain participation. Utilizing zero-knowledge cryptography, ZKP’s Proof Pods offer a hardware-based system that verifies computational output without exposing data. This privacy-focused technology is attracting interest as it addresses AI privacy concerns and offers a verifiable participation model, distinguishing itself in a market increasingly focused on substance over speculation.
