Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA

As large companies increase their engagement in the cryptocurrency sector, the Cardano ecology is changing dramatically. According to recent data, wallets holding over a million ADA have been rapidly growing since November 2023, amassing an additional 1.41 billion ADA tokens. This significant accumulation, which accounts for 2.35% of Cardano’s total supply, conveys a clear statement about the project’s institutional support.

Cardano: Whale Activities Signal Market Confidence

Whale movements have had nothing less than a remarkable outcome: Santiment’s research reveals a solid 107% price increase since these wallets started their accumulation spree.

Market watchers point out this isn’t only another pump-and-dump situation. Rather, it marks a basic change in the way big investors view Cardano’s long-term possibilities in the brodaer cryptocurrency scene.