So, should we go or not?
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Trading Insight_News
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$ADA 750 Million ADA Deposited To Binance, Selling pressure weighs heavily on ADA.
On December 10, an unknown wallet transferred 750,000,000 ADA tokens directly to the Binance exchange.
🔸 This token amount is valued at approximately $346.7 million USD at the time of transfer.
🔸 Given current liquidity, if this ADA is dumped onto the market, it could create a massive sell wall hindering any upward momentum.
🔸 This is one of the largest transactions recorded on Cardano recently. Occurring amidst a sensitive market backdrop, it suggests a whale or large institution is looking to de risk or take profit on their position.
How would you react if you saw a $347 million sell order appear on the order book? Is this the time to exit with the whales or wait for a potential dip-buying opportunity?
News is for reference, not investment advice. Please read carefully before making a decision.
On December 10, an unknown wallet transferred 750,000,000 ADA tokens directly to the Binance exchange.
🔸 This token amount is valued at approximately $346.7 million USD at the time of transfer.
🔸 Given current liquidity, if this ADA is dumped onto the market, it could create a massive sell wall hindering any upward momentum.
🔸 This is one of the largest transactions recorded on Cardano recently. Occurring amidst a sensitive market backdrop, it suggests a whale or large institution is looking to de risk or take profit on their position.
How would you react if you saw a $347 million sell order appear on the order book? Is this the time to exit with the whales or wait for a potential dip-buying opportunity?
News is for reference, not investment advice. Please read carefully before making a decision.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.