110,000,000 ADA sold by Cardano whales: Is a bigger drop coming?
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Cardano’s ADA traded near $0.24 on Oct. 13 after an intraday low of $0.2242, and a separate update said the token had fallen 15.7% over the week as more than 110 million ADA were sold by whales. One piece also said traders were watching $0.21 as support while network transactions reached a record.
Key claims & sources
What it means
In practice, the move below the cited levels left a lower trading range in place than earlier in the week, while the record in network transactions stayed part of the same backdrop. What changed for market participants was the price level and the trading focus; what did not change is that activity on the network was still reaching a record. (per crypto.news)
Market reaction i
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Where this sits in the Cardano series
| When | What happened | Figure |
|---|---|---|
| 31 days ago | ADA at $0.2808 high | today it sits -33.6% from there |
| today | ADA at $0.1801 low | today it sits +3.6% from there |
From what we have stored, starting 43 days ago.