Recently, on-chain data has shown a notable Cardano (ADA) whale transferring $5.5 million into THORChain (RUNE) and DTX Exchange, causing ADA's value to plummet.
Why Cardano Whales Are Cashing Out
Recently, Cardano (ADA) has experienced a downturn, losing over 30% in value within 30 days. The decline is attributed to U.S. tariffs affecting trading partners, impacting Cardano (ADA) as well. Analysts suggest whales are reallocating funds to more promising projects.
THORChain (RUNE): Recent Developments and Positive Outlook
THORChain (RUNE) saw a significant drop in the past month, with over a 75% decline. Recovery efforts include a V3 upgrade, bringing deflationary RUNE mechanisms and Cosmos SDK integration, which bolstered its market position.
Why Cardano Whales Are Pouring $5.5 Million in DTX Exchange
DTX Exchange integrates traditional financial and cryptocurrency ecosystems, drawing substantial investments. Based on VulcanX blockchain, it can process over 200,000 transactions per second, attracting investor attention.
The movement of a Cardano (ADA) whale into THORChain (RUNE) and DTX Exchange highlights a shift in investment sentiment. While ADA faces pressure, altcoins like THORChain and DTX Exchange are becoming appealing alternatives.
