Recent crypto market events include Cardano whales' massive sell-off and BlockDAG's notable presale success.
Cardano Whales Leave: What's Next for ADA?
The exit of Cardano whales, who offloaded 330 million ADA, led to a 9.8% drop in a single day and a 19.1% decline over the past week. Despite this, on-chain data reveals a 4.79% increase in new wallet addresses and almost 12% growth in network activity. The absence of big buyers indicates caution and could slow recovery.
PEPE Traders Maintain Support: A Potential Breakout?
PEPE traders have made a strong move, maintaining support around $0.00000996. The $14 million outflow suggests accumulation. Long positions of $1.90 million reflect optimism, although sellers hold a position at $0.00001044. If PEPE stays above $0.00000905, it may rise by up to 55%.
BlockDAG's $194.5M Presale Success
BlockDAG's FINALCALL700 bonus has spurred interest, exceeding $194.5 million in presales and selling over 18.5 billion BDAG coins. The current price is $0.0248 with expected growth. This success is marked by significant participation from large players and an expanding holder base.
The crypto market demonstrates diverse trends, including declines in Cardano and potential growth for PEPE and BlockDAG. Developments continue to unfold, shaping a dynamic and unpredictable future.
