Bearish
Cardano (ADA) price drops 2.4% to $0.1967 amid whale accumulation and ETF withdrawal.
In the past 24 hours, Cardano's (ADA) price declined by 2.4% to $0.1967, influenced by significant whale accumulation and the withdrawal of ETF filings. Whale wallets holding between 100,000 and 100 million ADA have accumulated 454.7 million ADA over the past two weeks, indicating strong interest despite the price drop. Additionally, Grayscale withdrew its proposed Cardano ETF registration, which may have contributed to the bearish sentiment.
Key points
- Whale wallets holding between 100,000 and 100 million ADA have accumulated 454.7 million ADA over the past two weeks, indicating strong interest despite the price drop.
- Grayscale withdrew its proposed Cardano ETF registration, which may have contributed to the bearish sentiment.
- Cardano's (ADA) price declined by 2.4% to $0.1967, influenced by significant whale accumulation and the ETF withdrawal.
Sources
AI-generated from public news sources. Not financial advice.
