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Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why

AMBCrypto LogoAMBCrypto12h ago

Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why - AMBCrypto

Quick Summary:

Whales have purchased 130 million ADA, but market conditions suggest limited short-term price recovery.

This negative MVRV suggests that investors who purchased ADA at higher levels are now holding their positions at a loss.

Therefore, traders should be cautious, as the liquidation pressure could lead to a sharper decline if key support levels fail to hold.

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Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why - AMBCrypto (Picture 1)Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Erastus Chami

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 12:00:47 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 26510986

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 21 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

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The story "Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why" has 578 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Cardano: 130M ADA bought by whales, yet price continues to fall – Here’s why" was covered 12 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 21 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #26510986
  • URL: https://beamstart.com/news/cardano-130m-ada-bought-by-17407448979897

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