Cardano (ADA) has experienced a significant increase in whale transactions, with more tokens returning to active circulation and a decline in the average age of ADA tokens in wallets, according to blockchain analytics company Santiment. This surge in whale activity coincides with Cardano's temporary breakout to $1.13 and the recent announcement of its inclusion in the U.S. Strategic Crypto Reserve. Traders are repositioning their holdings in response, leading to speculation about ADA's involvement in wider institutional adoption. The price of ADA has surged, reflecting renewed confidence among investors and aligning with the growing whale activity and market excitement surrounding ADA's potential institutional adoption.
Content Editor ( thecryptobasic.com )
- 2025-03-05
Cardano Whale Transactions of $100K+ Spike to Multi-Month High Amid Price Boom
