Cardano whales, who are typically large holders of the cryptocurrency, have significantly increased their holdings by accumulating a staggering 210 million ADA tokens. This notable buying activity comes at a time when the price of ADA has managed to maintain crucial support levels, indicating potential stability in the market. Analysts are now turning their attention to the current market structure, as it may provide insights into future price movements and trends within the Cardano ecosystem. Here is a detailed analysis of what this accumulation could suggest about the overall market sentiment and potential future developments for ADA.
source: https://blocknews.com/cardano-whales-accumulate-210m-ada-as-price-holds-support-here-is-what-the-structure-suggests/