Crypto NewsAltcoinAccording to Santiment Data, the Number of Whales in This Altcoin Has...

According to Santiment Data, the Number of Whales in This Altcoin Has Reached Record Level!

Despite the 35% drop in market cap since its peak four months ago, the whales of this altcoin have doubled their holdings.

Follow Bitcoin Sistemi Google News Button

Investor sentiment surrounding Cardano (ADA) is declining, but that hasn't deterred major players in the cryptocurrency ecosystem from investing.

Cardano Whales Challenge Market Sentiment With Their Increasing Presence

Despite the 35% drop in market value since its peak four months ago, Cardano whales seem to be doubling their holdings.

Analysis by analytics firm Santiment reveals a surprising trend. The number of wallets holding 100,000 ADA or more has reached an impressive 25,294.

This increase in high-volume wallets marks the highest number in the last 16 months and shows that key players continue to rely on Cardano's long-term potential.

Cardano, a blockchain platform known for its focus on scalability, sustainability, and interoperability, has had a bumpy ride in recent months.

While the market cap is down 35% from its peak, the steady accumulation of ADA tokens by larger wallet holders paints a different picture.

Related News  Short-Squeezed Altcoin Soars 48 Percent, Funding Rate Jumps to Negative 2000 Percent Annually

This development is notable as it demonstrates that, despite short-term market fluctuations and concerns, a significant number of major players continue to believe in Cardano's core value and future potential.

As the cryptocurrency market remains volatile and subject to rapid changes, the behavior of whales could be an important indicator of future trends for Cardano.

*Not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week