Cardano Whales Quietly Fueling 65% ADA Rally This Year, According to Blockchain Analytics Firm Santiment
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Blockchain analytics firm Santiment says that massive holders Cardano (ADA) are driving up the price of the eighth-largest crypto asset by market cap. From trading at around $0.246 on January 1st to $0.412 last week, Santiment says the increase is primarily due to the heavy accumulation of deep-pocketed Cardano investors to the tune of 405.85 million ADA, worth $162.34 million at time of writing. On Friday, the Cardano network saw 105 transactions worth over $100,000, the highest since crypto exchange FTX collapsed in November, according to Santiment. “Cardano’s price is up +65% in 2023, and key shark and whale accumulating
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