Cardano Addresses Between 10,000 And 100,000 ADA, “Sharks” Add 79.1 million Tokens
The ongoing dip in the Cardano and general crypto markets has been seen as an opportunity for whales and investors to accumulate tokens.
Generally speaking, the rate at which the whales are buying the dip is alarming, for instance, Shiba Inu has been seen buying pressure over the past few weeks.
According to the data from santiment, the Cardano addresses between 10,000 and 100,000 ADA, also called "sharks," have added 79.1 million tokens (~ $37.7 million as of July 9) to their reserves since June 9. At the same time, the Cardano whales that hold between 100,000 and 1 million ADA have stopped selling.
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The way the whales and sharks are acquiring ADA is an indication o...