DOGE Price Drops as Musk’s Legal Troubles Trigger a Sell-Off, While Cardano (ADA) Whales Look for Safer Bets

Elon Musk's legal troubles are pulling Dogecoin (DOGE) down, with DOGE price hovering around $0.33 as investors react.

Elon Musk’s legal troubles are pushing investors away from Dogecoin (DOGE), causing a price sell-off. As DOGE struggles around $0.33, traders are watching key support levels. Meanwhile, Cardano (ADA) whales are shifting their capital amid the Plomin hard fork, which gives ADA holders direct voting power. On the other hand, IntelMarkets (INTL) is gaining attention with its AI-powered trading tools, offering self-learning bots and real-time sentiment analysis.

With Elon Musk facing legal battles, Dogecoin (DOGE) prices are feeling the heat. As of Friday, March 3, DOGE is trading around $0.33, showing a slight decrease from the past 24 hours. This comes as investors are pulling out of the meme coin due to concerns over Musk’s upcoming deposition.

DOGE price action is forming a descending triangle on the charts, which usually indicates more losses to come. Traders are keeping an eye on the $0.30 support level, as a drop below could push prices lower. At the same time, the Dogecoin (DOGE) market capitalization remains above $49 billion, while 24-hour volume shows a slowdown in demand.

Some experts believe that Dogecoin (DOGE) holders are getting impatient, as DOGE price has seen many ups and downs this week, especially after Bitwise’s new Dogecoin ETF filing failed to boost prices. While the ETF could bring more investors, Musk’s legal problems are making it hard for Dogecoin (DOGE) to recover.

DOGE price still moves mostly on speculation, rather than real use. As a result, even strong supporters have expressed doubts if it falls below support. The meme coin could face a tough test, showing how much of its value is based on hype.

Cardano (ADA) is undergoing a major change as the Plomin hard fork goes into effect. This gives ADA holders direct voting power over changes to the protocol, treasury withdrawals, and future upgrades. As ADA price hovers around $0.96 and the market capitalization crosses $34 billion, this upgrade marks a step toward full decentralized governance.

However, as market uncertainty grows, some ADA whales are adjusting their positions. The Plomin hard fork advances Cardano toward community-driven decision-making, becoming one of the most decentralized blockchains. ADA holders can now delegate their votes to representatives, moving power away from developers.

While this is a milestone, industry analysts are debating whether this governance model will bring stability or more volatility.

Meanwhile, ADA price action appears uncertain. As over 35 billion ADA are in circulation, the real test will be whether this governance shift strengthens Cardano’s position or prompts more large holders to look elsewhere.

As Dogecoin (DOGE) prices struggle and Cardano (ADA) whales move their capital, a new project is gaining attention. IntelMarkets (INTL) has already raised over $7 million in its presale, delivering more than 800% returns to early buyers. Unlike speculative assets, INTL offers AI-powered trading tools designed to improve decision-making and automation for traders.

It recently introduced a decentralized intelligence marketplace where users can buy, sell, and trade AI agents. These agents include self-learning trading bots and AI sentiment analysis tools that adapt to market conditions in real time. By integrating both Ethereum and Solana blockchains, this platform allows traders to choose networks based on speed, fees, and liquidity needs.

Demand for INTL tokens is increasing, with over 17 million sold in phase nine alone. The current presale price will increase in the next phase, followed by another increment when a major exchange listing goes live. This structured rollout has led many investors to consider INTL as a potential top ICO of 2025.

With market volatility affecting established assets, traders are seeking alternative platforms with real utility. IntelMarkets stands out by combining AI-driven automation, real-time analytics, and decentralized control, offering a solution that traditional exchanges do not provide.