Cardano (ADA): Whale Activity Sparks Potential Rebound Amid Legal Troubles

Just days ago, we mentioned the waning demand for a popular altcoin and the possibility of a deeper trough due to an ongoing lawsuit. On Saturday morning, exactly that happened. Cardano (ADA), one of the largest altcoins by market value, dropped below the support level of $0.3. So, what’s next? What awaits investors? Cardano (ADA) Price The price of Cardano (ADA) fell to its lowest level in two years, $0.23, as markets reacted to the latest SEC court filings. However, increased whale activity over the last few days has resulted in a 20% gain for ADA today. Last week, Cardano’s parent company, Input Output Global (IOG), published a robust response refuting the SEC’s claim that ADA is a security. Although Gensler offered a more forceful response today, the price continues to hold at $0.28 as panic sales have subsided. After taking bullish positions during last week’s major price slump, Cardano […] The post Cardano (ADA): Whale Activity Sparks Potential Rebound Amid Legal Troubles appeared first on COINTURK NEWS.