Despite a solid price increase in the last few months, some $ADA whales are not betting on the continuation of the rally
in its investor base over the past month, with whales and large holders reducing their positions, while smaller investors take the reins.
According to data from IntoTheBlock, the number of Cardano whales holding between 100 million and 1 billion ADA tokens has dropped by 25% in the last 30 days. Additionally, a decline in the number of large holders has been observed in the 10 million to 100 millionSurprisingly, the number of smaller addresses holding ADA has increased by around 2% in the same period. This indicates that the current rally is primarily driven by smaller investors, or"small fish," entering the market.
While the shift in investor composition could lead to short-term volatility, growing interest from smaller investors is a positive sign for the long-term growth and adoption of Cardano. As the ecosystem continues to mature and develop, the influx of new investors could help to support the network's expansion and foster greater decentralization.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano (ADA) Price Analysis for December 28Can ADA withstand the ongoing bearish pressure? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Read more »
Cardano (ADA) Bounces off, Here's Next TargetCardano successfully bounces off of local support level, but could it spark move upward?
Read more »
Cardano (ADA) Becoming Independent Asset, Shows On-Chain Data$ADA becoming even stronger during the bear market and hitting a new local high
Read more »
Cardano (ADA) Will Be Lucky to Drop Only 30% Against Bitcoin (BTC): Top Crypto Analyst Benjamin CowenTop crypto analyst Benjamin Cowen intocryptoverse sees Cardano $ADA falling against Bitcoin $BTC by 69% in price cardano ada cardanoada cardanocommunity bitcoin btc
Read more »
Cardano (ADA) to Become Largest EVM Chain Thanks to This Killer InnovationCardano $ADA will be top EVM chain by next month: Milkomeda co-founder SebastienGllmt cardano cardanoada ada cardanocommunity milkomeda ethereum evm eth $eth
Read more »
Bitcoin Price Rally Stalls as Whales Take Profits: CryptoQuantBitcoin holders are taking short-term profits at the widest margin in more than a year, CryptoQuant said in a report. By shauryamalwa
Read more »