Cardano Whales Spotted Sending Millions Of ADA To Coinbase, Are They Migrating To Another Crypto Instead?

Recently, Cardano news reported a mass transfer of ADA tokens into centralized exchanges. This transaction has raised questions and buzz across different crypto platforms. Are whales exiting Cardano (ADA) for other crypto projects? What’s happening on the Cardano blockchain? What are investors saying? Cardano Whale Movement: A Bullish Or Bearish Outlook For ADA? According to whale alert on X , over 70 million ADA, worth over $56 million, was transferred from an unknown wallet to Coinbase. This huge transfer is coming a few days after an on-chain data revealed that ADA whales—accounts holding 1 million to 10 million ADA—added over 120 million ADA to their holdings in the past two weeks. The total Cardano whales holding is approximately 5.57 billion ADA tokens. Remember, on the 19th of July, a seasoned crypto analyst, Ali Martinez, reported that, “Whale activity on the Cardano ($ADA) network has surged in the past few days. Over 137 transactions of over $1 million each were recorded in the last 24 hours, signalling renewed institutional interest”. Source: Ali_chart on X. What changed? ADA price is hovering around 0.83, a nearly 60% increase in the past month. If bullish momentum is sustained, ADA’s price action should approach the resistance level at $1.00. If the $1.0 is breached, ADA’s price might soar up to $2.0, and in adverse cases, the market might reverse to its support sitting at $0.81. Amidst the uncertainty around Cardano’s price action and chart, smart investors are diversifying into small-cap projects that offer real utilities. One of the projects that has attracted investors’ attention is Remittix (RTX). Why do investors believe in Remittix? Let’s find out. Remittix, The New 100x Crypto Attracting Cardano Whales With Cardano (ADA) showing stagnation at key levels, Remittix (RTX ) has continued to prove its potential to investors who now see it as the next 100x crypto. Remittix (RTX)—a utility-first Payfi project built on the Ethereum blockchain that allows seamless crypto-to-fiat transactions across multiple currencies and countries. It aims to solve over 19 trillion payment issues across the globe. Remittix Highlights: Remittix has completed a CertiK audit and locked the team and liquidity tokens. RTX is a utility-driven token with real-life features. An ongoing 50% bonus on tokens and a $250,000 giveaway. Seamless, fast, secure transactions with zero charges and no KYC or FX conversion problems. Invest in Remittix now! Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Cardano Whales Spotted Sending Millions Of ADA To Coinbase, Are They Migrating To Another Crypto Instead? appeared first on Times Tabloid .

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