Why long-term holders are selling Cardano for the InQubeta presale?

Recent market analysis has shown a significant price devaluation of prominent cryptos in the DeFi market, such as Cardano (ADA). This results from the Securities and Exchange Commission (SEC) filing a lawsuit against the cryptocurrency and regarding it as an unregistered security. Consequently, several long-term holders of Cardano’s native token, ADA, are selling their tokens …