Dormant Cardano Whales Suddenly Come Alive: Is A Turning Point Near?

On-chain data reveals Cardano has observed increased transactions involving dormant coins recently, suggesting that the price decline has caused long-term holders to become active again.
Cardano Has Seen Spikes In Age Consumed Recently
As pointed out by on-chain analytics firm Santiment in an X post, large dormant Cardano wallets have lately been on the move. The indicator of relevance here is the “Age Consumed,” which measures the total number of tokens being moved on the blockchain