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Whales Buy Over 20 Million Cardano ADA Tokens in Just Two Days
In a staggering display of confidence, whale investors have reportedly purchased over 20 million Cardano (ADA) tokens within a mere two-day period. This monumental influx of capital has led to an accumulation of over 5.93 billion tokens held by wallets with between 1 million and 10 million ADA.
The rapid increase in market activity surrounding Cardano highlights the growing interest in decentralized finance (DeFi) solutions, as blockchain analyst Ali Charts pointed out, citing data from Santiment. This uptick in investor enthusiasm is underscored by a slight price recovery for ADA, which opened at $0.87479 and closed at $0.88354.
The collective wallets mentioned above now hold an impressive 5.93 billion tokens, underscoring the profound impact whales have on Cardano’s market trends. This trend could potentially shape the future trajectory of the project.
This significant increase in whale activity is concurrent with ADA’s slight price hike and may indicate a shift in investor sentiment towards the cryptocurrency.
Source: cryptonewsland.com
