While $ADA market performance remains questionable, whales grab almost 200 million new coins
asset does not seem to gain any traction, according to the daily chart provided by TradingView. As the chart suggests, ADA has lost 35% of its value since the local high reached on April 1.
But while divergence with the current funds distribution of whales on the market can be seen clearly, the correlation between the same metric and the price action of ADA in the August-April range is fully consistent with the movement of funds in large ADASuch a trend shows strong control over ADA by whales as their price performance dictates the movement of the coin. The retail trading volume that we saw back in March and April does not seem to change the long-term direction of Cardano.
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