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Cardano’s whale transaction has an important signal for ADA holders

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In recent weeks, Cardano’s (ADA) price has seen a fall, with just a few encouraging signs. Despite this, there has been a notable rise in the number of whale transactions.

Read Cardano (ADA) Price Prediction 2023-24 Santiment’s data showed that Cardano (ADA) whale activity has increased dramatically since February.

The number of transactions involving whales (those worth more than $100,000) has increased dramatically. Considering what was visible, it did not appear that the volume of transactions would be decreasing soon.

As of this writing, almost 300 whale transactions, over $100,000, had already been made.Source: Santiment The increase in the size of ADA whale transactions points to increasing interest in the asset from institutional investors.

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