CandleFocus Cardano Whales Seize the Opportunity, Acquiring Over 130 Million ADA During Recent Dip
2024-11-27
Author: Content Editor
Cardano (ADA) has seen a significant increase in price, surging by 21% over the past week. This rally has been attributed to the accumulation of ADA by large-scale investors, or whales, during price dips. Data shows that over 130 million ADA was acquired by whales during a recent price correction. This accumulation trend, indicated by both analytical data and TradingView's accumulation/distribution indicator, suggests strong interest in ADA by significant market participants. Statistics from IntoTheBlock also confirm increased interest in ADA by large holders, with inflows growing by 35.54% over the past week. Long-term metrics indicate a broader, long-term accumulation trend, indicating confidence in ADA's performance.
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