Cardano Whales Steadily Accumulating $ADA Despite Price Drop

Cardano sharks and whales have continued to buy the token despite the fall in its price. Traders continue to sell heavily in intraday trading sessions. Following significant coin distribution between February 2021 and May 2022, Cardano [ADA] investors that hold over 100,000 ADA coins have again begun accumulating the crypto asset. According to Santiment, these investors have continued to “fill their bags” with ADA despite the steady decline in the altcoin’s value. The coin shaved off 35% of its market