Cardano Whales Accumulate 120 Million ADA in Two Weeks, What’s Next?
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Cardano, a Layer 1 altcoin, has undergone a market correction recently. Despite the decline in price, underlying on-chain data and technical analyses present a promising future for the ADA token. Large Cardano wallets holding between 0.1 million to 10 million ADA tokens have collectively increased their holdings significantly. This accumulation of 120 million ADA tokens in the past two weeks indicates that large investors, often referred to as whales, are optimistic about the future of Cardano.
Source: coingape.com ↗
