TL;DR
Large investors purchased almost 200 million ADA in the past 24 hours, reducing the circulating supply and potentially setting the stage for a price spike.
Cardano’s social sentiment has been highly positive lately, suggesting a bullish momentum could be just around the corner.
Gearing up for a Surge?
Cardano’s ADA followed the overall revival of the cryptocurrency market in the past 24 hours, with its price rising to almost $0.75. In the following hours, though, it dropped to the current $0.72 (per CoinGecko’s data), which represents approximately the same level observed a week ago.
ADA Price, Source: CoinGecko
However, the increased whale activity signals that ADA might be on the verge of a renewed price rally. The popular X user Ali Martinez revealed that large investors have purchased 190 million tokens in the past 24 hours. The stash equals almost $140 million (calculated at current rates).
Such accumulation reduces the circulating supply of ADA available on the op
We współpracy z: https://cryptopotato.com/190000000-ada-will-a-supply-shock-trigger-a-price-rally/
