Cardano Community Troubled: Robinhood and Celsius Sell ADA

By Lola Coin Jun 27, 202357Views

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In the Cardano community, there is currently a discussion about the potential liquidation of a large amount of ADA tokens by Robinhood and Celsius. This has raised concerns among members of the community, although opinions are varied. Some believe that this sell-off would not be a unique event for ADA and that negative speculation is simply driven by fear and uncertainty. They argue that the holdings of Robinhood and Celsius only make up a small portion of the total ADA trading volume, and that holders have had ample opportunity to move their tokens to other wallets. These supporters believe that the market has already priced in the potential sales and that the negative sentiment is having a larger impact. However, others in the community disagree and point out that Robinhood has set a cutoff date for the liquidation, while Celsius is expected to phase out its holdings gradually. The community is closely monitoring the situation to see how it unfolds.

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