CandleFocus Cardano (ADA) Sell-Off Imminent? Whales Sell 70 Million Tokens
2025-01-08
Author: Content Editor
Crypto whales have dumped 70 million ADA tokens, causing the price of ADA to decline by over 20%. On-chain metrics show that exchanges have seen an outflow of $51 million worth of ADA tokens. This dump suggests bearish sentiment for ADA, despite the RSI nearing oversold territory. However, there are indications that long-term holders are accumulating ADA, potentially presenting a buying opportunity. ADA is currently trading at around $0.92, with a 7.5% decline in the past 24 hours.
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