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Cardano's Whale Transaction Count Increases, Despite Bearish Market Indicators

Despite bearish market indicators, Cardano's on-chain metrics showed some positive trends. Whale transaction count increased, indicating active trading of ADA. The popularity of ADA among traders was reflected in the spike in DEX volume and TVL value. However, the ADA price decreased by 3% in the last seven days, and technical analysis suggests that it may fall further. While some metrics, such as demand in the derivatives market and transaction speed, were positive, Cardano's development activity slowed down last week.


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