The recent sell-off of 140 million ADA by whales has caused significant market shifts. Analysis suggests this could lead to a price correction for Cardano.
Whale Asset Distribution
In the last two weeks, whales sold 140 million ADA, creating substantial market volatility. Analyst Ali Martinez reported significant implications from this sell-off on the current market conditions.
Price Stability of Cardano
Despite selling pressure, Cardano's price has remained stable, fluctuating above the $0.88 mark. Recent data shows that the price peaked at $0.8941 before some minor fluctuations occurred.
Future Prospects for ADA
Analysis indicates that reduced activity from whales could dictate the trend going forward. With a low trading volume of $1.23 billion for ADA, tension remains. The crucial question is whether large holders will return to accumulation.
The future price of ADA heavily relies on the subsequent actions of whales. Continued selling could lead to serious corrections; otherwise, a rise is possible.
