Algorand’s active addresses surged by 72%, now totaling over 1.2 million users, indicating a wave of adoption. Nonetheless, the price of ALGO decreased by 2.53% to 0.1882 USD, suggesting a cautious market response.
Whale activity shows an increase of 68.77% in inflows, indicating strong demand. However, with derivatives trading declining and an imbalance in long liquidations, the overall market conviction remains under scrutiny.
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