Cardano (ADA) Price: Big Upgrade Announced but Whales Are Still Selling - What’s Going On?

TLDR

• Cardano dropped 1.03% to $0.175 after the Dijkstra hard fork roadmap was revealed
• The two-stage upgrade targets Q4 2026 and Q2 2027, introducing Ouroboros Linear Leios and Peras
• Derivatives trading volume surged 151.19% but open interest fell 1.76%
• Whale wallets shed 200 million ADA tokens since August 11, adding selling pressure
• ADA must reclaim $0.18 to open a path toward $0.19 and $0.20

Cardano is trading at around $0.175 after falling 1.03% following the unveiling of its two-stage Dijkstra hard fork roadmap. The announcement laid out plans for upgrades in late 2026 and mid-2027.

The first phase targets Q4 2026 and will upgrade Cardano to protocol version 12. Key features include Ouroboros Linear Leios, Nested Transactions, and Script Context in PlutusV4. Block structures for Ouroboros Peras will also be added in this phase.

The second phase is expected in Q2 2027. It will trigger Ouroboros Peras through another hard fork. Peras is designed to confirm transactions faster, which could speed up settlement on the network.

… Continue reading the full article at the original source below.