Cardano Whales Offload 170 Million ADA as Price Trends Lower

Cardano’s lacklustre performance over the past week has prompted some of its largest holders to begin selling their coins. On-chain data reveals that ADA whales holding between 100 million and 1 billion coins have collectively offloaded over $160 million worth of the asset within the last seven days. This wave of distribution suggests waning confidence among the ADA large holders, adding further pressure to an already fragile market. Cardano Whale Sell-Off Deepens Bearish Sentiment According to Santiment, over the past week, Cardano whale addresses that hold between 100 million and 1 billion ADA have sold 170 million coins, valued at over $106 million at current market prices source: https://beincrypto.com/cardano-whales-offload-170-million-ada/