{"id":145096,"date":"2024-12-19T09:00:33","date_gmt":"2024-12-19T07:00:33","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145096"},"modified":"2024-12-19T05:10:22","modified_gmt":"2024-12-19T03:10:22","slug":"cardano-whales-spark-sell-off-whats-next-for-adas-price","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-whales-spark-sell-off-whats-next-for-adas-price\/","title":{"rendered":"Cardano Whales Spark Sell-Off \u2013 What’s Next for ADA’s Price?"},"content":{"rendered":"

The downturn appears to stem from increased sell-offs by large holders, commonly referred to as whales, aiming to capitalize on previous price surges.<\/p>\n

A wave of selling activity by major investors has significantly impacted ADA’s<\/a> <\/strong>momentum. Reports from Santiment reveal that entities holding vast ADA reserves\u2014between 100 million and 1 billion tokens\u2014have sold roughly $200 million worth over the past week. This trend reflects waning confidence and has amplified pressure on the broader market. The sell-off risks sparking a domino effect as smaller investors react to the turbulence.<\/p>\n

The recent market behavior suggests profit-taking is also playing a crucial role. Positive profitability metrics have incentivized investors to cash out, adding to the selling frenzy. Analysts note that ADA\u2019s Network Realized Profit\/Loss data indicates sustained profit-taking over the last week, compounding the downward pressure.<\/p>\n