A Cardano whale has withdrawn 67.8 million ADA, valued at over $54.3 million, from Coinbase, according to chain data reported by Bitjie. The transaction, highlighted by Whale Alert, involved a known Coinbase wallet sending the funds to an unknown recipient, likely a self-custody address. This significant movement comes as ADA's price has fallen nearly 4% over the past week, sparking speculation about the whale's potential strategy for a rebound.
In contrast, an XRP whale has deposited $51.4 million into Coinbase, indicating differing approaches between the two cryptocurrencies. The contrasting movements suggest varied strategies among large holders in response to current market conditions.
Cardano Whale Withdraws $54M from Coinbase Amid ADA Price Dip
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.