Cardano whales just dumped 110M $ADA while daily active addresses cratered 40%+. That's distribution, not accumulation.
@alicharts flagged $0.24 as the line in the sand. Break that and we're looking at capitulation.
The twist? Total transactions just hit a 5-year high. So the network's moving volume but retail's ghosting. Classic sign of whales rotating out while the chain stays busy with DeFi/stablecoin flows.
Watch that $0.24 level. If it cracks, next stop is pain.
@alicharts flagged $0.24 as the line in the sand. Break that and we're looking at capitulation.
The twist? Total transactions just hit a 5-year high. So the network's moving volume but retail's ghosting. Classic sign of whales rotating out while the chain stays busy with DeFi/stablecoin flows.
Watch that $0.24 level. If it cracks, next stop is pain.