Cardano Whale Exit Raises Concerns While BlockDAG’s 350% Bonus Ignites Interest – PEPE Traders Stay Firm
The post Cardano Whale Exit Raises Concerns While BlockDAG’s 350% Bonus Ignites Interest – PEPE Traders Stay Firm appeared on BitcoinEthereumNews.com.
Recent developments show major crypto holders are shifting positions significantly, highlighting concerns as the Cardano (ADA) whale exit impacts ADA’s short-term stability. Over 330 million ADA have been sold with no indications of these whales re-entering the market. Concurrently, the PEPE trader support bet remains under scrutiny as bulls protect a pivotal price point that could dictate the memecoin’s upcoming trajectory. Yet, the most pronounced buying frenzy is unfolding in the highest ROI crypto presale—BlockDAG (BDAG). Triggered by its FINALCALL700 bonus which offers a 350% increase in coins with each purchase, a surge in demand has propelled the BDAG presale to over $193.5 million. Both whales and retail traders are amassing BDAG coins, potentially setting the stage for substantial post-launch gains. Cardano ADA Whale Exit Spurs Uncertainty About ADA’s Path Forward The Cardano ADA whale exit has deepened concerns regarding ADA’s immediate path, as significant holders continue to unload over 330 million ADA without any hint of re-entering. This massive sell-off has contributed to a 9.8% drop in a single day and a 19.1% fall over the previous week. Despite these trends, the network shows positive signs, with a 4.79% increase in new addresses and almost 12% rise in active engagement. These factors indicate ongoing ecosystem involvement, but hesitation lingers as whales remain absent. Without renewed buying activity, the Cardano ADA whale exit may persist in affecting market sentiment shortly. PEPE Trader Support Bet Strengthens as Bulls Defend Critical Level The latest market activities have intensified discussions surrounding the PEPE trader support bet, with traders safeguarding an essential price level at $0.00000996. Trading data reveals a $14 million outflow from PEPE, hinting at potential accumulation and boosting buyer confidence. Long positions worth $1.90 million demonstrate trader optimism for price stability, while short positions are notably high at $0.00001044. Should the…
Filed under: News - @ February 9, 2025 8:13 pm