Smart money wallets have accumulated 454.7 million ADA, valued at approximately $161.4 million, over the past two months, according to Santiment. This accumulation comes despite price suppression in the Cardano market. In contrast, retail investors with wallets holding 100 ADA or less have sold off 22,000 ADA, worth about $7,810, in the last three weeks.
The data highlights a divergence in strategies between large investors and retail participants. While institutional investors are increasing their positions, retail investors are reducing their holdings, possibly due to concerns over price movements or market sentiment. This trend suggests that larger investors are confident in Cardano's long-term potential, despite current market conditions.
Smart Money Accumulates 454.7M ADA as Retail Investors Sell
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