Data from Flipside Crypto showed that 7.6 billion more Cardano cryptocurrencies were transferred to the Binance platform than they were withdrawn last August.
According to the Queen Telegraph, in the meantime, Cardano's price fell from $ 0.141 on August 14 to $ 0.097 by September 14, down 31%.
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Before the asset's recent price decline, the original Cardano coin was on an uptrend, culminating with a recent upgrade on July 29.
During the race, Cardano managed to cement herself in the top 10 cryptocurrencies by market value, but has since withdrawn.
last August 14, users held the vast majority of the active offering of Cardano tokens for 30 days - 11.4 billion out of 12.2 billion. However, by the end of the period, there were only 1.5 billion users left.
Meanwhile, Binance saw a net inflow of nearly 7 billion Cardano, while the top holders accumulated an additional 3 billion Cardano.
Perhaps the Cardano coin holders have decided that it is time for them to recoup some of the gains they made in previous months.
(Amazon Fun Knowledge)