Cardano (ADA) Records Gigantic Whale Volume, Incoming Price Reversal?
Cardano (ADA) outshines ETH in this important metric...
- Cardano's whale transactions have increased by 11.55% with a volume of $9.55 billion, making it the second largest among the top 10 listed coins after Bitcoin.
- Ethereum, the second largest by market cap, has only seen $3.3 billion in whale volume.
- Cardano's whale acquisitions may be targeted towards governance engagements and on-chain staking.
- Despite the increase in whale volume, Cardano's price is currently down 4.74% at $0.3745.
The article highlights the impressive increase in whale transactions for Cardano, indicating confidence in the protocol. However, it also mentions that this increase has not yet affected the price of ADA.