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Why the decrease in ADA and DOGE wallet counts can be a positive signal

Decrease in ADA and DOGE Wallet Counts

Recently, the number of non-empty wallets for Cardano (ADA) and Dogecoin (DOGE) has decreased, indicating a positive signal for the future. According to Santiment, ADA declined by 29,976 wallets in the last 13 days, while DOGE saw a reduction of 24,456 wallets in just one day. Bitcoin also recorded a loss of 15,120 wallets in 4 days.

Impact on Investors

These trends may indicate that small retail traders are selling off, creating opportunities for large investors to buy at lower prices. Chainlink (LINK) showed positive movement with an increase of 5.40% in the last 24 hours.

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