Markets· ★★★· bearish·

Cardano Whales Dump 110M ADA in Five Days as Price Tests $0.24 Support

  • —Whales sold over 110 million ADA in five days, per Santiment data
  • —Daily active addresses dropped 41.36%, from 27,248 to 15,977
  • —Key support sits at $0.24; a break below could open the way to $0.21
  • —Cardano TVL rose by 9 million ADA to 272.55 million since October 4
Why it matters: A break below $0.24 could accelerate ADA selling, while rising TVL and monthly activity have so far limited a deeper decline.
#ADA
Source: ZyCrypto
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