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Cardano Whales Go on 30 Million ADA Buying Spree, Price Reacts
According to recent data, a significant portion of Cardano whales have gone on a buying spree, acquiring approximately 30 million ADA. This sudden influx of interest in the asset has led many analysts and traders to ponder what this means for the cryptocurrency’s future trajectory.
While some have expressed concern about potential overbought conditions, our analysis suggests that this could be an opportune moment for ADA enthusiasts to support its continued rise. Favoring the asset’s climb as it shows the coin has not been overbought yet.
Source: u.today
