A significant Cardano whale has moved 67,926,042 ADA, valued at over $54 million, from Coinbase to an unidentified wallet. This wallet, active since 2021, has conducted 1.7 million transactions and holds billions of ADA, yet it does not engage in staking activities. The transfer has fueled speculation regarding the whale's motives and the implications for Cardano's decentralization. Currently, ADA is trading around $0.80.
Cardano Whale Transfers $54M in ADA from Coinbase to Unknown Wallet
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