Big Cardano Wallet Has Been Stacking ADA Lately While Price Is Still Not Heavy
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The on-chain data aggregator Sentiment reported that Cardano’s price remained low this year, but the big wallets have stopped dumping ADA and started hoarding this coin.
According to the tweet, wallets storing between 10,000 and 100,000 ADA have been accumulating in Cardano’s native token over the past month. So far they have acquired 79.1 million coins, adding them to their ADA reserves.
Sentiment’s tweet also spread about the large wallet, which holds between 100,000 and 10 million ADA coins, has stopped selling its funds.
As #cardanoThe price performance of the 10k – 100k . addresses with $ada Now accumulating. He covered 79.1m. have added $ada In their collective bag in 30 days. Meanwhile, 100k – 10m whales have stopped their dumping. https://t.co/ucHo0RjwfB pic.twitter.com/dqcdTj0uHN— sentiment (@santimentfeed) 9 July 2022