The recent mobility in the crypto currency market has broken the morale of Cardano (Ada) and Chainlink (LINK) investors. Known as the major investors of both Altcoin, “Whales” has made significant sales in recent weeks. This development increased the concern that it could cause pressure in the short term.
LINK and ADA WALLINARS Change strategy
The moves of major investors, that is, whales in the crypto currency world, often have serious effects on the market. After the US elections in November and during the Trump’s starting process in January, both the island and the LINK whales were intensively purchased. During this period, Chainlink exceeded $ 30 for the first time after a 3 -year hiatus, while Cardano reached a remarkable summit by exceeding $ 1.30.
However, these rise were not permanent. After these summits in December, a general decline tendency started in the market. The island loses 78.9 %from the highest level of all time to $ 0.648, while LINK is traded for $ 12.8 with a decrease of 75.5 %. Especially on the Chainlink side of the whales in the last month 170 million LINK token has disposed of and this corresponds to about $ 2.2 billion with current value. This constitutes a worrying picture in terms of investor confidence. Crypto analyst Ali Martinez said that LINK broke the trend line that has been working for two years and that this break could deepen the decline.
The appearance on the Cardano front is gloomy
The situation on the Cardano front is not very different. After the sales wave in March, the whales came into play at the beginning of April. Within only two days, a total of 120 million island token has disposed of the big investors, the market has brought about $ 80 million sales pressure. These sales caused the island price to withdraw to $ 0.64. The last month loss exceeded 32 percent.
These big outlets turned the investors’ eyes back into whale movements. In the crypto market, the most important factors that determine the direction of prices, these high -volume wallets are trading behaviors. If this sales trend continues, it seems possible to test new bottom levels in the short term for the island and LINK. On the other hand, a positive news flow or a return signal throughout the market may be one of the rare factors that can reduce this pressure.
