#Cardano whales are back in the game, leveraging the latest dip to acquire the ninth-largest cryptocurrency by market cap at an appealing price.
After sustainably trading above $1 for fourteen consecutive days, Cardano recently retested prices below the psychological level. For context, ADA fell to $0.9100 on December 9 following Bitcoin’s drop below $94,000.
Meanwhile, Cardano quickly rebounded, closing the day at $1.0034. Although the asset tested lower prices again the next day, it closed bullish, spurring an uptrend to $1.1819.
Amid the bearish spell, Cardano whales are buying the dip. Data shows that the balance of large ADA holders has increased substantially since the asset tested lower prices.
