coinquora.com
According to a post that was made by WhaleStats on Twitter, even though there is now a market lull, whales are continuing to accumulate, and ADA is in the top 10 assets that have been acquired by the 4,000 largest BSC whales in the previous 24 hours.
At the time that this article was written, Cardano’s ADA wrapped on the BSC chain was sitting in sixth place among the top ten most bought digital currencies.
So far, Whales has accumulated more than $25,000,000 worth of ADA. CAKE and SOD are also on this list.
In addition, the research company Santiment states that the number of Cardano wallets that hold more than 10,000 or 100,000 have been consistently growing over the course of the previous month.
During this time, wallets that contain between 100,000 and 10,000,000 ADA have neither acquired nor sold their assets.
Analysts believe that ADA whales are stockpiling and hoarding their tokens in preparation for the Vasil hardfork, which is scheduled to go live a few weeks from now.
Additionally, the expert who predicted this year’s Bitcoin (BTC) fall is anticipating additional corrections for ADA. The pseudonymous analyst, named Capo, informs his 438,400 Twitter followers that Cardano’s $0.44 support is set to collapse after six taps in less than two months.
At the time of this writing, the price of Cardano was $0.43, which puts it below the support level established by Capo and represents a decrease of roughly 1 percent over the course of the last twenty-four hours, according to data provided by CoinMarketCap.