- Cardano whale investors have accumulated over 200 million ADA worth about $164 million in two days.
- This buying activity coincides with a 1.58% price increase, signaling growing confidence in Cardano.
Whale investors have significantly increased their holdings in Cardano (ADA), accumulating more than 200 million tokens in just two days. This buying spree amounts to approximately $164.24 million, reflecting strong confidence in Cardano’s future.
Growing Whale Activity Highlights Cardano’s Appeal
Cryptocurrency analyst Ali Martinez reported on social media platform X that whales bought over 200 million ADA within 48 hours. Large investors, known as whales, often influence market trends, and their recent activity points to positive sentiment around Cardano.
Cardano Price Sees Moderate Gains
Cardano is currently trading at $0.8212 on the Binance USDT market, marking a 1.58% increase in the last 24 hours. The price rise combined with the whale accumulation suggests that Cardano may experience further upward movement.
Whale accumulation can reduce circulating supply, which may drive prices higher. It also indicates trust in Cardano’s long-term potential. Investors should watch whale activity as a key indicator of market direction.
ALSO READ:IOTA Launches TWIN to Revolutionize Global Trade with WEF
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.