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Crypto

Cardano Price Dips Below $0.22 as Large Holders Buy 160 Million ADA

Guavy AI Editorial Team
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ADA
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Cardano's price has dropped by over 7% in the past week, falling below $0.22 and reaching as low as $0.21 on Friday.

Despite this decline, large wallet holders have been buying up ADA tokens, with major addresses accumulating 160 million new tokens since Sunday, according to Santiment.

This buying activity suggests that some investors view the dip as a strategic entry point, but it has not yet reversed the downward trend in price action.

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