Investors buy 79 million ADA coins, big wallets put brakes on dumping

Amidst the ongoing uncertainty in the crypto market, some cryptocurrencies are gaining confidence. Crypto analytic platform Santiment has reported that the price of Cardano Cardano (ADA) has remained low this year. Despite this, the big wallets have stopped dumping ADA and are betting back on this coin i.e. depositing it. In a tweet, Santiment reported that wallets storing between 10,000 and 100,000 ADA have been accumulating in Cardano’s native token over the past month. They have so far acquired 79.1 million coins and added them to the ADA treasury.

There has also been information about a wallet that holds around 100,000 to 10 million ADA coins, but has stopped selling them.

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