Whales Fill Their Wallets

Wallets with 1 million to 10 million ADA, known as whales, have increased their token holdings. In January, they held 33%, and by mid-July this share grew to 36.15%. Even after the sharp rise of ADA in March, they did not reduce their investments, indicating faith in further growth.

The Age of Spent Coins Remains Low

The age of spent coins sharply increased in mid-June but then decreased. This indicates that old ADA coins are not being sold. Long-term holders are not rushing to dispose of their assets, which is a bullish signal in a growth environment.

In mid-June and early April, the metric for the age of spent coins sharply increased, but this event was not accompanied by price spikes. Sales from old wallets are not always associated with a desire to take profits. This can be a positive signal for a growing market, indicating the absence of many factors holding back growth.

The metric for the age of spent coins shows how long coins remain in place before being moved. A low value indicates that old wallets are not selling.$BANANAS31 $WCT