Long-term Cardano (ADA) holders sell their tokens amid rising profits

Cardano (ADA) has defied the general market trend with an 11% increase in its price over the past week. With the price surge, transactions involving the altcoin have become profitable, prompting long-term holders to sell some of their coins.

Although profit-taking activity is ongoing, the 11th-ranked altcoin by market cap is looking to maintain its uptrend.

Long-term Cardano holders lock in profits

Transactions involving Cardano have generated significant gains over the past week, fueled by a double-digit price rally despite declines in the broader market.

On Thursday alone, the ratio of daily on-chain transactions in profit to loss has reached 1.53. This indicates that for every ADA transaction that results in a loss, 1.53 transactions have resulted in a profit.#AirdropGuide #IntroToCopytrading #TopCoinsSeptember #BinanceTournament" #BinanceTurns7 $ADA