$ADA has recently gained popularity, and the title of the ninth largest cryptocurrency is no joke.

Did you know? In the past few days, a whale bought 20 million ADA in one go, shaking the market. The price even dropped below $1, causing everyone to wonder if this is the calm before the storm or if something big is about to happen?

Why are these whales so crazy? Are they holding back, waiting for the price to surge, or do they have some insider information we don't know about? Speaking of the Plomin hard fork, it's coming in January 2025, which is a big day for Cardano, as on-chain governance will be fully upgraded. This new thing called CIP-1694 is said to redefine decentralized decision-making, which sounds quite mysterious.

Currently, the price of ADA is $0.887. Although it has risen by 1.75% in the past 24 hours, everyone still feels uncertain. If it breaks through $0.91 and the SMA 50 ($0.949), it might just rise all the way to above $1.2. But if it falls below $0.76, it could be disastrous, potentially sliding down to $0.5, making all previous gains worthless.

This isn't just about the price of ADA; it relates to the future of decentralized governance in cryptocurrency. The Plomin hard fork is a critical moment for Cardano, and the whales are betting heavily right now. Are they optimistic or just giving us a warning?

What’s next? The approval period for the Plomin hard fork is between January 4 and 29, 2025, and we need to keep a close eye on it. When the whales move, the market will shudder, and retail investors need to be careful not to get swept in.

In conclusion, ADA is currently in the eye of the storm of governance upgrades and whale activity. Will this lead to a market explosion or cause chaos? We all need to be prepared. 2025 should start with a bang!

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