Cardano's Large Holders Accumulate Amid Price Decline

Large holders of Cardano have amassed 454.7 million ADA, valued at $161 million, over the past two months despite a 19% drop in price. According to NS3.AI, smaller retail investors are selling their holdings, creating a divergence in market behavior. This trend, alongside consistent growth in ADA holders and stable DeFi activity, suggests a possible recovery once market conditions stabilize. Nonetheless, ADA encounters resistance from substantial sell walls, posing short-term obstacles for price increases.