@BOMBERuss 13 April 2022 more from that month

Over the past seven days, the capitalization of #Cardano (ADA) has fallen by about 20% to $32.556 billion. The #ADA rate on the night of Thursday, April 14, dropped to $ 0.969. According to the Sentiment team, the value of the altcoin has collapsed by almost 70% over the past few months. The researchers recalled that in September last year, the cryptocurrency reached record values in the region of $ 3.1. The winter and spring sales of 2022 led to large losses for Cardano, but the whales, on the contrary, have been aggressively buying coins all this time. Wallets controlling at least 10 million ADA have already accumulated the largest amount of cryptocurrency since 2019. According to Santiment, whales accumulated 46.6% of the total #altcoin supply. The researchers' report says that most of the largest Cardano addresses belong to exchanges. Interest in ADA is also weakening in the futures market. This is evidenced by the data of the CoinGlass service. Open interest in Cardano futures dropped to $451 million. The lion's share of contracts is placed on the #Binance and #FTX platforms - $239.24 million and $68.35 million, respectively. Note that against the background of the rapid rollback of Cardano, the number of profitable wallets in the network has sharply decreased. At the end of last week, the Into The Block team reported that 67% of ADA addresses are suffering losses as a result of the fall in the value of altcoin.