Cardano's short-term holders have accumulated over 3 billion ADA since October, leading to concerns based on historical data. However, Cardano's recovery and increased market activity suggest increased confidence in the blockchain and ecosystem. The influx of new investors could lead to price corrections or consolidation, as seen in the past. The involvement of whales and their potential to absorb supply may help mitigate the chances of a collapse. ADA is currently trading at $1.06, up 6.6% in the last 24 hours.
- Content Editor ( thecryptobasic.com )
- 2024-11-29
Cardano Short-Term Holders Add 3B+ ADA in a Month: What Does History Tell Us?