Cardano price predictions as whales signal selling $110 million ADA
Cardano’s (ADA) short-term bullish momentum might be short-lived as whales signal potential selling of the asset. Specifically, whales have moved a staggering $110.5 million worth of ADA, according to on-chain data tracked by Whale Alert on September 29. These transfers, involving 70,187,366 ADA valued at $56.2 million and 67,926,042 ADA worth approximately $54.3 million, were moved between unknown wallets and Coinbase. ADA whale transaction. Source: Whale Alert Such large transactions often suggest that major players are either preparing to sell or rebalancing their portfolios, which could lead to increased volatility in the ADA market. This outlook comes as ADA continues to trade in line with broader cryptocurrency market sentiment. As of press time, the asset was valued at $0.79, gaining over 3% in the past 24 hours, while on the weekly timeline, Cardano has corrected by about 3.4%. ADA seven-day price chart. Source: Finbold ADA price predictio...
