Cardano Whales Buy The Dip – Metrics Show Increasing Demand

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Cardano Whales Buy The Dip – Metrics Show Increasing Demand - NewsBTC

Quick Summary:

According to data from blockchain analytics firm Santiment, these whales, defined as entities holding over 100 million ADA, accumulated more than 130 million tokens during the recent price dip. Top analyst Ali Martinez brought attention to these metrics on X, emphasizing the importance of whale activity in shaping ADA’s market trajectory.

As the broader cryptocurrency market undergoes consolidation, Cardano continues to stand out with bullish momentum that could signal further upward movement in the coming days.

According to Martinez, large investors have been aggressively buying Cardano, particularly during the weekend’s price dip, a move that underscores growing confidence in the asset’s potential.