Whales Accumulate 300 Million ADA Amid 20% Price Decline
Despite experiencing a significant price drop of 20% in recent weeks, Cardano (ADA) has seen substantial accumulation by whale addresses. These major investors have added over 300 million ADA, valued at nearly $200 million, showcasing their confidence in the cryptocurrency’s future potential. The current market downturn raises questions about short-term volatility, but the bullish behavior from whales indicates a long-term strategy at play. Understanding these dynamics is essential for investors looking to navigate the evolving landscape of Cardano and the broader crypto market.