It has been observed that in the last two weeks, whales in the cryptocurrency Cardano have made major moves. According to data revealed by IntoTheBlock, crypto analyst Ali reported that Cardano whales were accumulating large quantities of ADA tokens with a total value amounting to $218.4 million in the past two weeks. A further categorization of whales showed that those who hold between 1 million and 10 million ADA purchased 150 million ADA, worth $57 million during the same period.

At press time, ADA was slightly up from its previous 24 hour value, reaching a price of $0.388. Analyst Ali believes that if a head and shoulders pattern forms on Cardano's daily chart, then the token is likely to reach a price of $0.60.

According to the most recent weekly report by Cardano builder Input Output Global (IOG), the Cardano ledger team is ready to launch the Conway update. The Hydra team has also begun work in preparation for their mainnet compatibility release, while the Mithril team has been working on assembling the architecture needed to release the network.

Besides this, the community also gathered in order to hold a workshop discussing the CIP-1694 output, with a keynote from Charles Hoskinson. Sponsorships for additional workshops will be announced later this month.

Current statistics indicated that 1,221 projects are being built on Cardano, with 122 of those projects having launched. There have been 64.2 million transactions processed on the network, with 8.09 million Cardano native tokens spread across 71,386 policies. Plutus scripts now stand at 7,597, including 2,353 Plutus v2 scripts.



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