Whales Accumulate 200 Million ADA Amidst Market Activity

Recent large-scale purchases of Cardano (ADA) by whales have caused a stir in the cryptocurrency market. On-chain analyst Ali Martinez, citing data from Santiment on X, reports that over 200 million ADA were acquired by these entities within the past 48 hours. This activity is happening as the market price approaches the $0.80 resistance zone. While the details remain unconfirmed officially, the accumulation of such a significant quantity has already started impacting market sentiment and could influence future market movements.