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ADA Price Prediction for January 5: Whales Scoop 40 Million Tokens
The cryptocurrency market has been witnessing a series of dramatic price swings recently. The latest trend is the accumulation by whales of over 40 million ADA tokens in just 48 hours, which could have significant implications on the asset’s future trajectory.
According to a recent tweet from an expert crypto analyst, it appears that large-scale investors, known as “whales,” are aggressively accumulating Cardano (ADA) tokens. The massive $40 million worth of ADA has been snapped up by these whales in a remarkably short period of time.
It is essential to note that this type of accumulation typically precedes significant price movements in the cryptocurrency market. Whales, often referred to as ‘whale alert,’ are known for their ability to trigger price surges when they accumulate large quantities of tokens.
Given the recent developments and considering the whale activity, it would not be surprising if ADA’s price undergoes another drastic shift upward.
Source: coinpedia.org
