Source: Token Terminal
’s velocity witnessed an uptick over the past few weeks, indicating that the frequency at which ADA was being transferred amongst addresses had grown. The majority of these transactions, however, could have happened at a loss.The chart below revealed that Cardano’s daily transaction volume in loss grew alongside its velocity. This implied that a lot of ADA holders lost money during this period. Furthermore, the Market Value to Realized Value ratio also stood in the negative.
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