A leading analytics firm says that deep-pocketed investors of Cardano are loading up on ADA and have been heavily buying dips since the high-profile implosion of FTX.
Santiment says that addresses with a balance of 10,000 to 100,000 Cardano now hold their largest percentage of the supply in a year and a half to the tune of four billion ADA tokens.
“Key Cardano sharks have been accumulating steadily since June. And they have taken this level of dip buying to a new level since the FTX fallout in early November. Addresses holding 10,000 to 100,000 ADA have added $83 million worth of coins since November 7th.”
At time of writing, Cardano is changing hands for $0.257, a fractional decrease on the day.
Looking at Bitcoin, Santiment reveals that the amount of BTC អ held off centralized crypto exchanges is now at its highest ever. According to Santiment, crypto exchanges are witnessing an exodus of over $304 billion worth of BTC from their platforms.
“Illustrated is the 10-year long-term view of Bitcoin’s funds moving on and off exchanges. The amount of coins in self custody continues, creating a new all-time high, now at 18.2 million BTC.”
នេះបើយោងតាមគេហទំព័រតាមដាន crypto កាក់ហ្គេកកូ, Bitcoin has a circulating supply of 19.24 million BTC, indicating that over 94.5% of the king crypto’s supply has been withdrawn from digital asset exchanges.
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Source: https://dailyhodl.com/2022/12/25/crypto-sharks-are-heavily-accumulating-cardano-taking-dip-buying-of-ada-to-new-level-analytics-firm/