BTC-Newswire

Cardano Whales Dump ADA As Layer Brett’s 3000% Staking APY Causes Huge Buying Frenzy

Press Releases Crypto News CryptoDaily UK Cardano Whales Dump ADA As Layer Brett's 3000% Staking APY Causes Huge Buying Frenzy

Market cycles often turn on small but symbolic signals. This week, one such signal emerged from Cardano. The formation of a death cross on ADA’s hourly chart has marked a loss of short-term momentum that has unsettled its largest holders, several of whom began liquidating positions after months of cautious accumulation.

While Cardano grapples with weakening sentiment, a very different current is pulling traders elsewhere. Layer Brett ($LBRETT), a newly launched Ethereum-based meme coin with a utility twist, has ignited a frenzy with 3,000% staking rewards that dwarf traditional offerings. In fact, its ongoing presale has continued to raise serious dust as analysts predict it could be the next 100x meme coin.

Cardano’s Death Cross and Whale Exodus

Cardano price analysis. Source: Bitget

Cardano has long styled itself as one of the market’s most resilient altcoins, but the latest technical patterns tell a story of pressure mounting. On the hourly chart, ADA’s short-term moving average crossed below its longer-term average, forming what analysts describe as a death cross. This signal typically reflects waning bullish momentum, and for ADA, it followed a sharp pullback: the token fell from $0.987 to $0.82.

ADA price chart. Source: CoinMarketCap

The timing could not have been worse. Broader macroeconomic currents had already pushed Bitcoin below $112,000, eroding sentiment across the altcoin market. In ADA’s case, the technical breakdown accelerated the sell-off. Weekly losses hovered around 8%, and momentum indicators suggested further weakness if volume failed to return.

Yet, on-chain analysts reported that despite months of accumulation, large holders suddenly offloaded significant ADA reserves. The shift indicates that even institutional-sized traders are choosing to step back from Cardano’s near-term risk profile as many anticipate the coin will remain rangebound for the remainder of the year.

Layer Brett: The Meme Coin With Staggering Utility

Against this backdrop of uncertainty, Layer Brett has entered the scene with a momentum rarely seen outside peak bull markets. Unlike Cardano’s slow gr

Go to Source to See Full Article
Author: Lena Carter

Did you like this?
Tip BTC Newswire with Cryptocurrency