There has been a significant rise in whale activity in the Cardano market over the past 24 hours, as evidenced by blockchain data.
Large ADA Transfers
In the last 24 hours, blockchain tracker Whale Alert reported four significant transactions involving ADA, totaling 271,092,516 coins, which is nearly $218 million. All transactions are related to the transfer of assets to unknown wallets.
Transactions with Coinbase
Among the large transactions reported by Whale Alert are the following amounts: - 64,782,157 ADA worth $52,375,944; - 68,784,376 ADA worth $55,593,380; - 68,792,947 ADA worth $55,600,307; - 68,733,036 ADA worth $55,554,929. These transfers occurred at different times and are also linked to withdrawals from Coinbase to unknown wallets.
Technical Updates of Cardano
This week, Cardano released node v.10.5.1, which includes network enhancements such as Windows socket fixes, shorter DNS error caching, and improved peer-sharing configuration behavior. This release also removes unused binaries from the node artifacts and adds the tx-generator tool.
The activity of whales in the ADA market and recent updates from Cardano may indicate an increase in institutional interest in the ecosystem, which could positively impact the future of the coin.
