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Are Cardano Whales Dumping ADA Due to Charles Hoskinson's Latest Proposal?
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3 Articles
Cardano Whales Sell $170M ADA As Treasury Proposes Bitcoin Shift
Cardano whale wallets reversed course after short-term accumulation, dumping 270 million ADA worth over $170 million. A proposal to convert $100 million of Cardano’s treasury into Bitcoin and stablecoins sparked market-wide uncertainty. Technical patterns signal the risk of ADA falling to $0.50, amplifying fears of a broader altcoin correction. Charles Hoskinson assured that any treasury sales would be done OTC to limit price disruption and supp…
Tl;drCardano whales have shifted their behavior toward the asset by starting to remove massive amounts of ADA. The asset's price has seen notable volatility lately, not only...
Are Cardano Whales Dumping ADA Due to Charles Hoskinson's Latest Proposal?
TL;DR Cardano whales have changed their behavior toward the asset by starting to dispose of massive ADA quantities. The asset’s price experienced some notable volatility as of late, not just because of the ongoing geopolitical tension but also due to Hoskinson’s latest proposal. Whales Sell CryptoPotato reported at the start of the business week that large ADA holders, those with investments of somewhere between 100 million and a billion tokens…
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