Cardano whales have offloaded over 4 million ADA recently, contributing to increased selling pressure on the cryptocurrency. The total value locked (TVL) in Cardano has decreased by 22% this quarter, now standing at $246.2 million, according to Artemis data. This decline coincides with a drop in the likelihood of a Cardano ETF approval by the end of 2025, which has fallen to 42% from over 70% in early October, as reported by Polymarket. The price of ADA has suffered a significant decline, dropping approximately 33.7% over the past month to trade around $0.543. The combination of whale sell-offs and reduced TVL highlights ongoing investor uncertainty and potential profit-taking in the Cardano ecosystem.