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Whales continue to accumulate, so when Cardano rises?

TL; D

  • It seems that the uncertainty in the market and the behavior of the investor, which was evident in the first and early April, is behind us, as the whales returned with full force for many large encrypted currencies.
  • In April alone, these adult market participants went to a burst of accumulation not only for BTC and XRP, but also ADA.

The data shared by the famous analyst Ali Martinez indicates that whales have accumulated more than 410,000,000 ADA in April alone. In terms of the value of the dollar, the value of the bunker is approximately 300 million dollars at the prices of today.

This was in a flagrant contradiction with their behavior in late February and mid -March, when left and right reports emerged on the big sales.

The total market feelings were less convenient at the time, as the trade war started by US President Trump struck all financial areas, and Crypto was no exception.

Now, although the trauma of the tariff ends, investors are gradually returning to the coded currency space with large purchases. As reported earlier this week, the whales accumulated at $ 4 billion in BTC in just two weeks.

In April, they also went on the XRP purchase boom, where they purchased more than 900,000,000 icons. Although the Ada number is smaller in both absolute terms and the US dollar perspective, it still shows a major change in behavior.

ADA price fell to the lowest multi -month level at $ 0.5 in early April. It has regained about 40 % since then sitting at $ 0.7. However, it is likely that the similar large purchases of whales have a positive long -term effect on their price if they continue to accumulate instead of selling.

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