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79.1 Million ADA Bought by These Investors, While Bigger Whales Stop Dumping Cardano

Sat, 07/09/2022 - 11:17
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Yuri Molchan
Big Cardano wallets have been stacking ADA recently, while the price remains far from overwhelming
79.1 Million ADA Bought by These Investors, While Bigger Whales Stop Dumping Cardano
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Santiment on-chain data aggregator has reported that while Cardano price remains low this year, large wallets have stopped dumping ADA and resumed accumulating this coin.

According to the tweet, wallets that store 10,000 – 100,000 ADA have been accumulating Cardano’s native token in the past month. By now they have acquired 79.1 million coins, adding them to their ADA stashes.

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The tweet of Santiment also spread the word about bigger wallets, that hold 100,000 to 10 million ADA coins, have stopped selling their riches.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.