ADA On Discount? Cardano Whales Go On $200M Shopping Spree

Cardano (ADA) has been on a steady downtrend since September of 2021 after hitting its all-time high of $3.1. This has been one of the most brutal downtrends for its investors, the majority of which are now drowning in losses. However, as they say, that one man’s misfortune is another man’s come up, whales have seen this as a perfect opportunity to buy up as much ADA as they can. They have now ramped up their buying and have accumulated about $200 million worth of ADA in the space of a month. Whales Buy 194 Million ADA Over the past five weeks, Cardano whales have been busy accumulating the digital asset. These whales who hold between 1 million and 10 million ADA on their wallet balances have been the most active since the digital asset has been falling and trending around $1. It seems this has presented a buying opportunity to these whales who have now purchased 196 million ADA in this five-week period. Related Reading | Billionaire Ricardo Salinas Fires Back At Warren Buffett’s Bitcoin Slander Prior to this though, these same addresses have been on a dumping spree. It has caused their collective holdings to drop during this time and in the middle of March had hit one of the lowest points it has ever been. However, after prices had hit a new month low, the whales had resumed their accumulation trend which has increased their collective balances drastically. 🐳📈 #Cardano whale addresses holding 1M to 10M $ADA are accumul...