Aliens TLDR

At the height of the Terra debacle, Cardano suffered along with the rest of the crypto market.

🐳 #Cardano 's whales showed a flurry of transactions yesterday as prices were bottoming out to $0.40, between 8am and 12pm UTC.

https://t.co/KKnjXVH8no pic.twitter.com/aRTfClg8qQ — Santiment (@santimentfeed) May 13, 2022 Whales activity seemed to indicate a ‘buy the dip’ trend that has since slowed down which might be a concern for the Cardano ecosystem.

As reported by Gfinity Esports, the typical hold time for Cardano holders is more than the average hold time for other top-ranking crypto-assets.

While still a concern for the ecosystem, there is hope that whale accumulation can shoot up around the Vasil hard fork.

It should also be noted that Cardano investors have been losing faith in ADA’s price action.