Big Cardano Wallets Have Been Stacking ADA Lately As Price Remains Far From Overwhelming
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On-chain data aggregator Santiment reported that while Cardano’s price remains low this year, large wallets have stopped dumping ADA and started accumulating this coin again.
According to the tweet, wallets that store 10,000 to 100,000 ADA have accumulated the native Cardano token over the past month. To date, they have acquired 79.1 million coins, adding them to their ADA reserves.
Santiment’s tweet also spread the word that the biggest wallets, which hold 100,000 to 10 million ADA coins, have stopped selling their wealth.
🐳 Like #Cardanoprice performance remained particularly disappointing in 2022, with addresses holding between 10,000 and 100,000 $ADA are now accumulating. They added 79.1 million $ADA to their collective bags in 30 days. During this time, 100,000 10m whales ceased their discharge. https://t.co/ucHo0RjwfB pic.twitter.com/dqcdTj0uHN
— Santiment (@santimentfeed) July 9, 2022