Whales, which are high-net-worth individuals, have been accumulating Cardano (ADA) tokens during its consolidation phase, according to data from intelligence platform Santiment. Over the past few days, whales have added over 100 million ADA to their holdings, bringing their total to 3.26 billion ADA tokens. These whales tend to accumulate ADA during dips and sell when the price increases. Overall, their buying activity has exceeded their selling, indicating continued interest in Cardano. Retail investors, on the other hand, have reduced their holdings. This suggests that Cardano may experience a continuation of its bull rally before another correction. As of now, ADA is trading at $1.19, down 2.64% in the last 24 hours.



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