CandleFocus Cardano Whales Taking Profit At $1.15 to $1.33 While Buying the Dip: Here is How Much ADA They Bought Recently
2024-12-18
Author: Content Editor
Cardano whales, or large holders of the cryptocurrency, have been accumulating more ADA as the price dipped below $1. The balance of large ADA holders has increased significantly, with whales buying approximately 160 million ADA since the correction. This accumulation trend is not new, as whales have previously taken advantage of price drops to increase their holdings. The sentiment around the Cardano ecosystem is currently bearish, with analysis indicating a continuation of the downward trend. However, long-term prospects for Cardano remain bullish, with analysts predicting a surge to $10 by next year. At the time of writing, ADA is trading at $1.019, down 3.14% in the past 24 hours.
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