The price of Cardano's ADA token has fallen approximately 90% from its peak of around $3.10 in 2021, which has frustrated some long-term investors and sparked intense discussion within the community. While some investors are selling ADA to switch to Bitcoin, large holders have accumulated about 820 million ADA over the past six months and currently control nearly 70% of the circulating supply. If ADA can break above and hold above $0.30, it could pave the way for a short-term move toward $0.34.