The Cardano network is celebrating a great run lately due to the inflow of big whales into the network and the soaring ADA demand. Data from IntoTheBlock reveals whales holding 1 to 10 million ADA have bought over 150 million tokens during the past month. Cardano's founder Charles Hoskinson has also been keeping the enthusiasts engaged by sharing his latest tweets regarding the fast expansion of the network. Not only is the activity and transactions count significantly rising but the Layer 2 solution Hydra is also tested and ready for release on the mainnet. This would bring an even bigger advancement to the network and make it a competitive player in the blockchain industry. All the uprising trends regarding Cardano point to an optimistic future and a potentially very successful 2021.
Anthony Brooks
- 2023-04-03
How Big Whales buying ADA is Changing the Cardano Network
Cardano's network is celebrating a great run due to the inflow of big whales into the network, buying over 150 million tokens. The Layer 2 solution 'Hydra' is also tested and ready for release, which points to an optimistic future in 2021.
