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Naina

06/14 19:01

Cardano Whales Sell $170M ADA as Treasury Proposes

Cardano Whales Sell $170M ADA as Treasury Proposes Bitcoin Shift

  • Cardano whale wallets reversed course after short-term accumulation, dumping 270 million ADA worth over $170 million.
  • A proposal to convert $100 million of Cardano’s treasury into Bitcoin and stablecoins sparked market-wide uncertainty.
  • Technical patterns signal the risk of ADA falling to $0.50, amplifying fears of a broader altcoin correction.
  • Charles Hoskinson assured that any treasury sales would be done OTC to limit price disruption and support DeFi growth.1749927513850.png

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