MAGACOIN Finance Presale Gains Momentum While Cardano Faces Whale Sell-Off
The post MAGACOIN Finance Presale Gains Momentum While Cardano Faces Whale Sell-Off appeared on BitcoinEthereumNews.com. Cardano (ADA) is no stranger to big headlines, but this time the story isn’t playing out the way the charts would suggest. The network just celebrated a historic governance milestone – the kind of win that usually inspires confidence and draws in fresh capital. Yet instead of rallying, ADA is feeling the weight of heavy selling from a key group of mid-tier whales. While long-term holders still believe in Cardano’s roadmap, the short-term picture is undeniably bearish. And in a market where capital moves quickly to the hottest opportunities, some traders are already redirecting their attention elsewhere. One name consistently coming up in those conversations is MAGACOIN FINANCE, a presale token generating serious buzz ahead of what many expect to be a high-profile exchange debut. Whales Apply the Brakes on ADA On-chain data shows wallets holding between 1 million and 100 million ADA have offloaded roughly 390 million tokens since late July. This sell-off has kept ADA locked in a falling channel, extending its losses for a third consecutive week. The timing is surprising. Cardano’s recent governance vote – the first of its kind — saw 74% of the community approve a $71 million treasury allocation for scaling initiatives and node upgrades. While retail engagement has remained steady and the largest whales have even been adding to their holdings, the influence of mid-tier sellers has overshadowed the positive narrative, at least in the near term. While ADA battles internal selling pressure, MAGACOIN FINANCE is gaining the kind of presale momentum that’s hard to ignore. Market chatter points to a potential listing soon after the presale closes – a catalyst that, in past cycles, has sent early-stage tokens into explosive rallies. What separates MAGACOIN FINANCE from the average coin is its strategy. It’s built around both cultural relevance and a clear…
The post MAGACOIN Finance Presale Gains Momentum While Cardano Faces Whale Sell-Off appeared on BitcoinEthereumNews.com.
Cardano (ADA) is no stranger to big headlines, but this time the story isn’t playing out the way the charts would suggest. The network just celebrated a historic governance milestone – the kind of win that usually inspires confidence and draws in fresh capital. Yet instead of rallying, ADA is feeling the weight of heavy selling from a key group of mid-tier whales. While long-term holders still believe in Cardano’s roadmap, the short-term picture is undeniably bearish. And in a market where capital moves quickly to the hottest opportunities, some traders are already redirecting their attention elsewhere. One name consistently coming up in those conversations is MAGACOIN FINANCE, a presale token generating serious buzz ahead of what many expect to be a high-profile exchange debut. Whales Apply the Brakes on ADA On-chain data shows wallets holding between 1 million and 100 million ADA have offloaded roughly 390 million tokens since late July. This sell-off has kept ADA locked in a falling channel, extending its losses for a third consecutive week. The timing is surprising. Cardano’s recent governance vote – the first of its kind — saw 74% of the community approve a $71 million treasury allocation for scaling initiatives and node upgrades. While retail engagement has remained steady and the largest whales have even been adding to their holdings, the influence of mid-tier sellers has overshadowed the positive narrative, at least in the near term. While ADA battles internal selling pressure, MAGACOIN FINANCE is gaining the kind of presale momentum that’s hard to ignore. Market chatter points to a potential listing soon after the presale closes – a catalyst that, in past cycles, has sent early-stage tokens into explosive rallies. What separates MAGACOIN FINANCE from the average coin is its strategy. It’s built around both cultural relevance and a clear…
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