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Ethereum-killer Cardano (ADA) Records Major Spike in Whale Interest

Published 02/22/2023, 02:30 PM
Ethereum-killer Cardano (ADA) Records Major Spike in Whale Interest
ADA/USD
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  • The Cardano network is recording an influx of whale activity.
  • Developer activity on Cardano is reflecting a similar optimistic trend.
  • The price of ADA has yet to align with the whale and developer volume increases.
Cryptocurrency analytics firm Santiment has revealed a spike in high-volume transactions on Cardano (ADA), indicating some “major interest” from the whales on the network.

Source: Santiment

As per the graphic, Cardano whale transactions rocketed to 539 transactions above $100,000, as reported on February 20th. According to Santiment, there has been a five-day anomaly gap in data for Cardano. Still, the upward trajectory of the asset has been demanding a spotlight since February 2023 kicked off.

A notable increase in whale activity...

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