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Cardano Exchange Outflows Near $1B in 2025, Echoing 2021 Bull Run Patterns
- Approximately $932 million worth of ADA has been withdrawn from exchanges since January, indicating potential future price appreciation as investors move their holdings to self-custody wallets.
- The outflows from exchanges resemble patterns observed during the 2021 bull run when ADA reached its all-time high.
- Large-scale outflows often suggest growing investor confidence and reduced sell-side pressure, coupled with rising on-chain activity and accumulation.
- Whale wallets accumulated over 410 million ADA in April, supporting the bullish outlook for Cardano.
- Crypto analyst Sssebi predicts a potential 10- to 20-fold increase in ADA's price in the current market cycle, citing technical analysis.
- Cardano's fundamentals contribute to increased whale interest, including the partnership with Brazil's SERPRO and the growth in smart contract deployment.
- Cardano's strong development activity, including the forthcoming 'Leios' upgrade aimed at enhancing transaction throughput and interoperability with Bitcoin, bolster its position in the DeFi and smart contract space.
- ADA traded at around $0.59 with a 3.19% loss in the last 24 hours.
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