According to data from IntoTheBlock, Cardano (ADA) investors are facing losses as over 6.5 billion ADAs purchased at prices between $0.373 and $0.385 have turned red since Monday. The price of ADA has dipped below the lower end of this range. The surge in buying over the weekend, with more than 160,000 addresses adding Cardano tokens to their portfolios, has left investors trapped in losses with billions of ADA coins in their wallets. It remains to be seen whether ADA's price can recover or if further downward pressure will persist. Investors will need to reassess their investment strategies and evaluate their risk appetite in light of these recent developments.
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Over 6.5 Billion Cardano Tokens Turn Red Since Monday, Causing Losses for Investors
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