Recently, on-chain data has shown a notable Cardano (ADA) whale transferring a massive $5.5 million in two alternative altcoins with high growth potential, THORChain (RUNE) and DTX Exchange (DTX) . This is causing ADA to plummet significantly in value due to a huge transfer of money. Let’s find out more about it. Why Cardano (ADA) Whales Are Cashing Out Cardano (ADA) has recently experienced a significant downturn with over 30% decline in value in the last 30 days. As of February 3, ADA is trading around $0.70 with a high decline in price due to the overall market condition. The major reason for this is the implementation of tariffs by the U.S. government on major trading partners including China, Canada, and Mexico, affecting Cardano (ADA) as well. Source: CoinMarketCap Technical analysis for Cardano (ADA) suggests a high selling pressure with it trading within a bearish trend. The network has been trying to offer something for the holders with the recent Plomin Hard Fork but that hasn’t worked. Also, on-chain data shows that Cardano (ADA) whales are moving their funds into THORChain (RUNE) and DTX Exchange with analysts optimistic about their future. THORChain (RUNE): Recent Developments and Positive Outlook THORChain (RUNE) has been in a freefall state for the last 30 days with a decline of over 75%. But the team has now managed to bring the price back up a little with its price trading just above $1.20. The major contributor to THORChain (RUNE) price increase is its V3 upgrade on 21 December 2024. It included a deflationary RUNE mechanism, integration with the Cosmos SDK, and a developer-focused App Layer. Source: CoinMarketCap Despite recent market volatility, THORChain (RUNE) has managed to show some resilience. It is a leader in cross-chain liquidity solutions which has attracted increased trading volume and investor interest. This could be one of the reasons why Cardano (ADA) whales are shifting their money into THORChain (RUNE). Moreover, DTX Exchange has also captured investor interest through its unique AI-powered trading features. Why Cardano Whales Are Pouring $5.5 Million in DTX Exchange DTX Exchange is an innovative platform that integrates traditional financial markets with the cryptocurrency ecosystem. It’s one of the reasons why Cardano (ADA) whales are transferring $5.5 million into this project to get better returns. This platform combines the best of centralized and decentralized exchanges by offering a unified trading experience. At the core of DTX Exchange is the VulcanX blockchain. It’s a Layer-1 unified blockchain designed to interact with various asset classes. This platform bridges the gap between TradFi and DeFi and has the ability to complete more than 200,000 transactions per second. Analysts predict that DTX Exchange’s innovative approach and upcoming mainnet launch could position it to surpass established cryptocurrencies. With many holders already on board, DTX is all set to take the market by storm on its official launch. Additionally, DTX Exchange is developing a real-world asset (RWA) tokenization tool. Through this tool, stakeholders in the real estate industry can easily tokenize assets. As for the presale, DTX Exchange has raised over $13.4 million already and is approaching the end of stage 8 for $0.16 which is also the last public presale stage. After this, the token will be officially launched at $0.20 and could surge even higher with high investor interest in the project. Only about 40% of stage 8 is left to be sold out. Final Thoughts The recent movement of $5.5 million by a Cardano (ADA) whale into THORChain (RUNE) and DTX Exchange highlights a significant shift in investor sentiment. While Cardano’s price has faced pressure due to market conditions and slower-than-expected development, altcoins like Thorchain and DTX Exchange are emerging as appealing alternatives. However, DTX Exchange is turning out to be the better alternative than the two with AI integrations which is the go-to for investors in the upcoming bull run. Learn more: Buy Presale Visit DTX Website Join The DTX Community The post Who Is Dumping Cardano? On-chain Data Shows Whale Moving $5.5M Into These Altcoins appeared first on TheCoinrise.com .
