Cardano Price Prediction: Bears Tighten Grip as Open Interest Falls and SecondFi Loses Over $20 Million

• SecondFi’s $20M exploit deepens pressure on Cardano as bearish sentiment persists.
• ADA remains below major EMAs while sellers continue controlling the broader trend.
• Weak open interest and negative exchange netflows reflect cautious investor sentiment.

Cardano faced renewed pressure after a major security breach hit one of its ecosystem projects, adding fresh uncertainty to an already weak technical outlook. SecondFi reportedly lost more than $20 million after attackers exploited a flaw in its wallet generation software. The incident prompted urgent warnings for users to move their assets into newly generated wallets. 

MASSIVE EXPLOIT IN CARDANO PROJECT DRAINS OVER $20 MILLION

Cardano ecosystem project SecondFi has suffered a major exploit after a flaw in its wallet generation software allowed attackers to drain user funds.

Security firm SlowMist says the total dam…

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