- Within just 2 days, whales bought over 80 million ADA, indicating that they are confident about Cardano’s growth.
- Even though there was much buying activity, ADA’s price is continuing to stay stable, but indicators are not all positive.
- An increase in the price could happen if the whales keep buying, and the technical signs improve with more people participating.
In the last two days, whales have purchased more than 80 million Cardano (ADA) tokens, as revealed by information published by Ali on X. Suggestions have emerged that this move in the market could cause the price of ADA to rise.
The information Ali posted reveals that many wallets have now amassed between 1 million and 10 million tokens. When whales suddenly increase their purchases, this often means they trust the cryptocurrency, and may lead to a rise in price.
Source: X @ali_charts
It has been seven days of whales’ consistent ADA…
