Cardano founder Charles Hoskinson hinted at significant progress in February, sparking community speculation. Meanwhile, on-chain data shows market divergence: large wallets holding between 100,000 and 100 million ADA have accumulated approximately 45.47 million ADA over two months, increasing their share of the total supply, while small retail holders have been selling. ADA price hovers around $0.35, and analysts note that unless the price rebounds to the $0.3584 to $0.3620 range, a bearish trend will prevail.