Cardano Protocol Meld Dispels Insider Trading Allegations

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


Due to the fact that recently a significant number of token sales were made by a single address on the Cardano network, Meld, DeFi, the non-custodial banking protocol, has been charged with insider trading. Two addresses, according to TapTools, also sold all of the MELD tokens they had without ever having purchased any. Over one million ADA worth of tokens were sold overall.

Cardano may suffer significant setbacks as a result of this news, and its slim chances of surviving this bearish season may also be in jeopardy, but Meld has taken a proactive move by disputing the allegations. The addresses, according to Meld, are controlled by a private holder and not by firm employees, who have no control over how the holder chooses to use or spend his tokens.

Key Cardano Levels To Watch – January 13

At the $0.3300 price level, the price might resume its downtrend due to the selling pressure at the level. Before the beginning of the downtrend, the market was consolidating within two major levels: $0.5240 and $0.4620.
Cardano Protocol Meld Dispels Insider Trading AllegationstADAUSD keeps declining within a bearish channel. According to the Relative Strength Index (RSI), the market is currently in an overbought region. A retracement or reversal is therefore looming.

Cardano Key Levels

Resistance Levels: $0.5240, $0.4260, $0.3300
Support Levels: $0.2390, $0.2040, $0.1740

Total Market Capitalization: $977.38B
Cardano Market Capitalization: $12.12B
Cardano Volume: $0.80B
Market Rank: #8

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.