271,092,516 ADA Leaves Coinbase Crypto Exchange: Where’s It Headed?
Main Idea
A significant amount of ADA (271,092,516) was transferred from Coinbase to unknown wallets, indicating potential whale activity and possible long-term holding or staking strategies.
Key Points
1. 271,092,516 ADA (worth nearly $218 million) was transferred from Coinbase to unknown wallets in four transactions.
2. The movement could indicate whales moving ADA to cold wallets for safekeeping, suggesting confidence in its long-term value.
3. Prior to this outflow, 280,525,113 ADA was transferred from unknown wallets to Coinbase in four separate transactions.
4. Cardano released node v.10.5.1 this week, which includes networking enhancements and improvements to the tx-generator tool.
Description
Cardano saw increased whale activity over last 24 hours
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