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Cardano Price Crashes Below $0.3 Levels as Robinhood and Celsius Sell-Off ADA Tokens

The Cardano (ADA) community is currently expressing concern over the recent news of Robinhood and Celsius selling ADA tokens. This wave of concern has sparked worry among community members, raising questions about the potential impact of a large-scale liquidation of ADA by these platforms. The reasons behind these platforms’ decisions differ, but the prospect of a significant sell-off has raised alarm bells. Examining the data shared by Chris on Twitter, Robinhood’s ADA holdings amount to 30 million, while Celsius holds 26 million. With a 24-hour ADA trading volume of nearly $200 million, the total holdings of both platforms account for a quarter of that volume.

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