Cardano (ADA) has been one of the most hardly hit cryptocurrencies during the latest market crash. It has so far lost over 60% of its all-time high, putting the majority of its investors right in the loss territory. The downtrend has been a cause for alarm among holders. But it looks like not everyone feels that way as some, mostly whales, have taken this as an opportunity to increase their holdings.<\/p>\n
A report from analysis firm Santiment shows a broad accumulation trend among whales when it comes to ADA. As the price of the digital asset had crumbled, big investors had ramped up their buying activity. One would think that with such value loss as that recorded by the cryptocurrency, whales with large holdings would dump their bags to save from further losses.<\/p>\n
Related Reading |\u00a0Anthony Scaramucci Urges Bitcoin Holders To Think Long-Term As Downtrend Won\u2019t Last<\/a><\/strong><\/em><\/p>\n Instead, these whales are taking this as a buying opportunity. The Sentiment report shows that the top ADA whales have all doubled their holdings in the past 10 days. In this time period, the price of Cardano\u2019s native token ADA had lost about 34% of its value. Whale wallets holding between 10,000 and 1 million ADA have at least doubled their previous holdings since then.<\/p>\n In total, these whales have collectively bought over $53 million worth of ADA in a 10-day period. The average addition to their holdings comes out to around 113%, more than doubling the volume of ADA they control.<\/p>\n \ud83d\udc33 #Cardano<\/a>'s price, like many #altcoins<\/a>, have plummeted in the past 10 days, dropping -34%. However, large addresses holding between 10k and 1M $ADA<\/a>, own 113% more in their collective bags since the drop on January 17th, accumulating $53.6M in tokens. \ud83d\udcc8 https:\/\/t.co\/9V50jyrBlX<\/a> pic.twitter.com\/tQdwa7ym38<\/a><\/p>\n — Santiment (@santimentfeed) January 28, 2022<\/a><\/p><\/blockquote>\n\n