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Cardano Whales Add 150M ADA, But 3.85B ADA Sell Wall Causing Resistance

Cardano whales have added $150 million worth of ADA to their holdings, but a significant sell wall of $3.85 billion is causing resistance for the cryptocurrency.

Cardano is a popular blockchain platform that is designed to provide a range of advanced features and tools for managing cryptocurrency holdings. The recent addition of $150 million worth of ADA to whale holdings is a positive development for the Cardano community, and underscores the growing interest and demand for the platform and its associated technologies.

However, the presence of a $3.85 billion sell wall is causing significant resistance for Cardano, and is making it difficult for the cryptocurrency to break through key resistance levels. The sell wall is likely being driven by profit-taking and by investors who are looking to capitalize on the recent gains in the cryptocurrency market.

(by Lele Jima)

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