ADA Firms Up Above $0.62 After Whale Dump, Cardano Foundation Unveils Anti-Counterfeit Platform
Cardano’s native token ADA showed signs of resilience Friday, stabilizing near $0.6229 after a turbulent week that saw whales sell off more than 270 million tokens—worth an estimated $170 million. Despite the pressure, ADA managed to recover from an intraday low of $0.6176.
The broader sentiment received a boost as the Cardano Foundation launched Originate, a blockchain-based solution aimed at helping companies verify product authenticity and enhance supply chain transparency. The platform targets industries vulnerable to counterfeiting, offering real-time on-chain data to assure regulators and consumers of a product’s origin.
The development comes as ADA was recently included in the Nasdaq Crypto Index, a sign of rising institutional recognition. While short-term technicals remain bearish with resistance building near $0.645, ADA appears to be carving out a consolidation range supported by new enterprise use cases.
