A big whale of Cardano was caught in a scoop bag or bag with a chain ADA Tokens are for dealing with uncertain selling pressure. According to the latest data, the wallet holds funds from 100,000 to 100 million. ADA Approximately 454.7 million people added ADA In the last two months. In today’s prices, that total is approximately $161 million.
Smaller wallets continue to shed positions as larger whales try to take over. Wallet that holds 100 pieces ADA I dumped 22,000 tokens in the past week. Investor behavior focuses on the separation between large and small holders. Such behavior often appears during periods of market stress. It is suggested that more whales and retail selling could provide ideal conditions for a rebound when the market stabilizes.
Are Cardano holders facing losses?
In his post, Santiment shared data on Cardano’s current market value and realized value ratio. He said the lower 30-day MVRV suggests reduced downside risk compared to recent market participants. but, ADA‘s 30-day MVRV was -7.9%.
A negative MVRV number indicates that the average holder has unrealized losses. This could reduce selling pressure as fewer holders are profiting. He further added that if the percentage of coins is positive, it means competing traders are making money. This ultimately increases the risk of entering while profits are above normal.
Other major altcoins also hold similar readings, according to the data. Chainlink is down 9.5% and Ether is down 7.6%. XRP is down 5.7%. Bitcoin, the largest cryptocurrency, has seen a more modest decline of -3.7%.
Cardano price has fallen by almost 19% in the past 60 days, but was able to rise by 6% year-to-date. ADA The price has increased by 4% in the last 24 hours. At the time of writing, it is trading at an average price of $0.35. It has fallen more than 88% from its all-time high of $3.10 in September 2021.
teeth ADA Facing US regulatory pressure?
This accumulation trend comes as Cardano faces political and regulatory uncertainty in the United States. Cardano founder Charles Hoskinson said the current administration has left the U.S. cryptocurrency industry in a weaker position than it was under former President Joe Biden.
Hoskinson criticized how the Trump administration handled the issuance of Trumpcoin and Melania Trump’s tokens. He said the developments have eroded trust and hurt prospects for a bipartisan cryptocurrency bill in early 2025. Earlier, he reportedly said he would work with the new administration after President Donald Trump’s election in November 2024. He said relations subsequently deteriorated as policy decisions progressed.
Despite political headwinds, the institutional infrastructure surrounding Cardano is growing. CME Group said it plans to list futures contracts related to Cardano on February 9th. It is still awaiting regulatory approval. We also plan to introduce Chainlink and Stellar futures. These products will be supervised by the Commodity Futures Trading Commission.
The exchange plans to offer both standard and micro-contracts. Cardano position sizes range from 10,000 to 100,000 ADA. Chainlink contracts range from 250 to 5,000 LINKs. Stellar contracts range from 12,500 to 250,000 XLM.
