The Wondrous Adventures of Crypto Whales Following the Market Plunge!

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Well, well, well! It appears that our dear crypto market has taken a rather gracious dive, plummeting nearly 10% in the last 24 hours! Why, you ask? It seems the intrigue surrounding the US crypto reserve has deflated faster than a soufflé in the midst of a thunderstorm. And if that isn’t enough to make one reach for the smelling salts, along comes Donald Trump with his newly minted tariffs on our neighbors Mexico, Canada, and China. A rather jolly spectacle, I must say, for a market that was already performing the tango with a correction. 🕺💃

But lo and behold! Despite this downward spiral, our beloved crypto whales have been seen nibbling on ADA, CAKE, and RENDER like hungry schoolboys at a tea party. It seems they are accumulating tokens as prices stumble and tumble like a tipsy waiter. 🎩🍰 ADA has taken a nosedive of 16% just in a day, struggling with the emotional baggage of $0.85, while CAKE is basking in the limelight as one of the top revenue-generating protocols of the week. And let us not forget RENDER, who has sadly suffered a dramatic 33% decline in the last 30 days.

Cardano (ADA)

Our superbly rich crypto whales have been accumulating ADA amidst the recent market hullabaloo—such a pity this coin has dropped 16% in just 24 hours! The rise in ADA’s fortunes following its flirtation with the US crypto strategic reserve was but a fleeting moment, as the dastardly bearish winds blew in. 🌬️

Yet, amidst the gloom, the whales cling to the notion that ADA may yet become a jewel in the crown of their collection—if only it can shake off its bearish shackles! 🦚

Interestingly, the population of whales holding 1-10 million ADA has increased from 2,442 on March 1 to 2,464 by March 3, a sure sign that they’ve been busy snapping up ADA as it plummeted. A preposterous but thrilling notion! ⏳

While this accumulation might suggest a grand recovery on the horizon, ADA still appears to be currently flailing about trying to reclaim key resistance levels. After a brief dalliance above $1, ADA is now snuggling beneath $0.85, with ominous signs pointing toward a lower $0.70. The community is left pondering the mysteries surrounding its inclusion in the US crypto reserve, further adding to the chaotic sentiment. If only the mood brightens, ADA may see itself rise above $1.10 or even trial the lofty heights of $1.20! 🌥️

PancakeSwap (CAKE)

CAKE, dear readers, has been on an invigorating upturn in recent weeks, charming its way into the hearts of many as it emerges as one of the top revenue-generating protocols for the past 30 days! With BNB’s volume battling it out with Solana and Ethereum, the market interest has been positively bubbling over. 🎉

In light of this, our dear crypto whales have been indulging in CAKE recently, increasing their stockpile as they gobble it up like it’s the last bit of dessert on the table. The number of wallets holding 1M–10M CAKE bounced back from 26 on March 1 to a delightful 30 now! 🍰

Currently, CAKE is clinging to a sturdy support at $1.35, which should be critical for maintaining its bullish trajectory. 🏗️

If the momentum of BNB and CAKE manages to recover, we could very well be looking at a test of resistances near $2. And who knows? With enough smash and pep, we might even see it rise to dizzying heights above $2.60! 🎈

Render (RENDER)

Ah, RENDER, that tireless defender of the AI cryptocurrency realm! Much like the rest of the sector, it too has been grappling with a rather unfortunate steeping in 2025, with a rather grievous 33% dip over the last month.

Yet as the bearish tide threatens to wash all sentiment away, RENDER is at a precipice—one requiring extraordinary momentum shifts to prevent a full-blown nosedive. 🚀

Even amidst this market calamity, crypto whales have taken it upon themselves to load up on RENDER, with the number of wallets holding between 100,000 and 10 million rising from 153 on March 1 to 161 today. Quite the enchanting endeavor! 😉

At this particular moment, RENDER is precariously balanced on $3.30 support, which if lost, could send it reeling into the depths of correction. However, if it manages to conjure a robust uptrend, we could see it challenge $3.90 resistance and perhaps, with a sprinkle of magic, break the $4 barrier! 🪄

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2025-03-05 00:13