Cardano (ADA) Investors Struggle With 3.1 Million Addresses in Losses
Cardano (ADA) investors are facing a challenging period. According to the latest data from IntoTheBlock, over 3.1 million Cardano (ADA) addresses are currently at risk, highlighting the widespread impact of recent price fluctuations. The sheer volume of addresses in the red underscores the severity of the situation for many ADA holders.
Cardano (ADA) has been facing significant downward price movements recently, adversely impacting a large number of investors. Two key data sources, IntoTheBlock and Santiment, corroborate the concerning trend of increasing losses among Cardano investors.
Based on the historical break-even price indicator, on a year-to-date average, 1.01 million addresses are in profit, while 3.22 million ADA addresses are in losses. This stark contrast demonstrates the dominance of losing positions within the Cardano ecosystem. The indicator shows that a total of 3.12 million addresses are in losses on their ADA holdings at $0.378.
Cardano (ADA) has been facing significant downward price movements recently, adversely impacting a large number of investors. Two key data sources point to this unfortunate reality: the growing number of ADA holders underwater.
The number of ADA addresses in losses represents 71.07% of Cardano (ADA) holders, indicating a significant portion of the community is currently experiencing unrealized losses. This paints a clear picture of the current struggles faced by Cardano investors.
While Gerolamo Cardano, an Italian polymath, inspired the development of the Cardano token, his legacy is perhaps overshadowed by the current market realities. Despite the technology's potential, many Cardano investors are grappling with the challenges of a volatile market.