Recent events in the Cardano space have drawn investors' attention. Large token holders, known as whales, have begun accumulating significant amounts of ADA, while the platform has integrated with Bitcoin Ordinals.
Whales Start Buying ADA
After a few weeks of inactivity, Cardano whales returned to accumulating assets, purchasing over 180 million ADA in the past week. According to analysts, this is equivalent to $135 million at the current price. The total whale holdings now exceed 13 billion ADA, which constitutes more than a third of the total token supply.
Bitcoin Ordinals Integration
The IOG team announced a significant integration with Bitcoin Ordinals, which can now be wrapped and bridged to the Cardano blockchain via BitVMX. This event marks an important step in the development of decentralized finance, opening up new opportunities for interaction between the two leading blockchains.
Future of Cardano
Given the active accumulation by whales and new integrations, experts associate great prospects with Cardano. Charles Hoskinson, CEO of IOG, noted that the future of decentralized finance lies in cross-chain interactions, the possibilities for which are unlocked through the new infrastructure.
Cardano whales have resumed active purchases, which could impact the price of ADA, while the integration with Bitcoin Ordinals opens new horizons for ecosystem development. This creates potential for significant growth of the token in the future.
