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Cardano Price Forecast: ADA risks decline to $0.30 as whales begin selling
Cardano (ADA) is down 2% on Thursday as whales accelerate distribution. Despite the selling activity and price decline, ADA's open interest has grown steadily over the past month. Cardano whales flipped from accumulation to selling over the past week following sustained risk-off sentiments across the crypto market. Wallets holding 10M-100M tokens reduced their collective holdings by 370M ADA in the past seven days. This cohort had been buying the dip since mid-October, only to exhaust their momentum last week. In particular, selling pressure accelerated on Wednesday, as indicated by a spike in the Age Consumed ... (full story)
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