Cardano users ADA-pt to price falls with whales holding 46.6% of the supply
At the time of writing, the top 50 cryptos – with the exception of Monero [XMR] – turned red and market sentiments were in flux as Bitcoin slipped under $40,000 before recovering slightly once more. Even among the top 10, there was some chaos as Solana [SOL] fell to seventh place by market cap ranking while XRP took over sixth place.
Data from Santiment showed that while ADA was a long way down from its all-time high, Cardano whales with more than 10 million ADA – some of them crypto exchanges – were holding approximately 46.6% of the supply. This is a very different picture from slightly over a year ago when these whales owned just above 10% of the supply. So what does this have to do with more recent price movements? While the long-term outlook shows whales accumulating ADA, a look at the whales with more than $1 million in ADA shows a gradual fall in transactions.
Source
https://t.me/Cronos_Cardano_Ripple
