๐ ๐๐ฟ๐ฒ ๐๐ฎ๐ฟ๐ฑ๐ฎ๐ป๐ผ ๐ช๐ต๐ฎ๐น๐ฒ๐ ๐๐๐บ๐ฝ๐ถ๐ป๐ด ๐๐๐ ๐๐๐ฒ ๐๐ผ ๐๐ผ๐๐ธ๐ถ๐ป๐๐ผ๐ปโ๐ $๐ญ๐ฌ๐ฌ๐ ๐๐ง๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ผ๐๐ฎ๐น?
๐ง Whales Changed Their Minds โ Again?
At the start of the week, whales holding 100Mโ1B ADA added 120M ADA to their wallets. But crypto analyst Ali Martinez now reports that these large holders dumped 270M ADA (~$170M) in just 7 days.
โก๏ธ This sudden sell-off likely increased market pressure and spooked smaller investors. ADA dropped from $0.71 to under $0.62, before slightly recovering to $0.636.
๐ Some chart watchers warn that if ADA doesnโt invalidate a head-and-shoulders breakdown, it could crash to $0.50.
๐ง Is Hoskinsonโs Proposal to Blame?
The sell-off may not be just about geopolitics. Earlier this week, Cardano founder Charles Hoskinson proposed selling $100M in ADA from the treasury in exchange for BTC and stablecoins to boost Cardano DeFi.
๐ฅ The reaction? Divided:
Some support the move as a strategic way to grow DeFi.
Others fear it will trigger even more ADA selling.
๐ง Hoskinson Responds:
Hoskinson denied the panic, saying thereโs enough OTC demand from institutions to absorb any impact.
โThe belief that Cardano DeFi is improving will offset the sale volume of ADA... and yes, this is modest,โ he added.
#ADA #CardanoDebate #BinanceAlphaAlert #BTC110KSoon? #IsraelIranConflict
