Cardano Whales Absorb Supply

According to Utoday, Cardano whales have aggressively increased their ADA holdings, reaching a 3.5-year high in accumulated supply. This substantial absorption of ADA comes at a time when panicked retail investors are selling off their tokens at multi-year low prices, indicating a strong transfer of supply from smaller, less confident holders to larger, long-term oriented entities. This on-chain activity suggests a potential underlying strength for ADA, as major players are actively buying into the asset.