Crypto whales (influential crypto investors) have been accumulating Cardano (ADA) tokens over the past two days, adding 100 million ADA tokens to their portfolios. This brings their total holdings to over 3.44 billion ADA tokens. The price of ADA has responded positively to this accumulation, rising to $1.06. Historically, Cardano's price has reacted to whale accumulation, and this latest observation suggests that they may "know something." Earlier reports showed that crypto bulls bought $6 billion worth of Cardano on Christmas Day, indicating bullish sentiment for the cryptocurrency. Commentators believe that Cardano could reach a price of $14 during this bull cycle.
- Content Editor ( thecryptobasic.com )
- 2025-01-15
Giant Whales Deploy $100M to Cardano as Price Climbs Above $1