Cardano Whales Spotted Sending Millions Of ADA To Coinbase, Are They Migrating To Another Crypto Instead?
Main Idea
Large Cardano (ADA) holders, known as whales, have transferred millions of ADA to Coinbase, sparking speculation about potential migration to other cryptocurrencies like Remittix (RTX), while ADA's price shows bullish momentum.
Key Points
1. Over 70 million ADA, worth $56 million, was transferred from an unknown wallet to Coinbase.
2. ADA whales have added over 120 million ADA, totaling approximately 5.57 billion ADA tokens.
3. Cardano's price has increased by nearly 60% in the past month, currently hovering around $0.83, with potential resistance at $1.00 and support at $0.81.
4. Remittix (RTX), a utility-first PayFi project on Ethereum, has attracted investor interest with features like a CertiK audit, locked liquidity, and a 50% token bonus.
5. Analysts suggest ADA's price could reach $2.0 if bullish momentum continues, but a reversal to $0.81 is possible if support fails.
Description
Recently, Cardano news reported a mass transfer of ADA tokens into centralized exchanges. This transaction has raised questions and buzz across different crypto platforms. Are whales exiting Cardano (ADA) for other crypto projects? What’s happening on the Cardano blockchain? What are investors saying? Cardano Whale Movement: A Bullish Or Bearish Outlook For ADA? According to whale alert on X , over 70 million ADA, worth over $56 million, was transferred from an unknown wallet to Coinbase. This h...
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