Cardano (ADA) has reported a significant increase in large-volume transactions, indicating enhanced investor activity. Over 137 transactions exceeding $1 million each were recorded in the last 24 hours.
Surge in Whale Transactions on ADA
The increase in transaction volumes corresponds to a renewed interest from institutional investors in the Cardano network. This phenomenon reflects the rising price of ADA, which has grown by 75% since June 22, reaching a 20-week high of $0.896.
Market Sentiment Shifts
The increase in whale transactions also indicates the end of a consolidation phase in the market. Analysts suggest that ADA may be entering a new bullish phase, supported by technical indicators and trading volume.
Surge in Trading Volume
ADA's trading volume has surged by 111%, confirming growing interest from both retail and institutional participants. This, combined with technical signals, underscores the ongoing upward trend in Cardano.
Thus, the active whale transactions and significant price increase highlight positive shifts in the sentiments surrounding ADA. Experts continue to monitor developments as the market may be on the verge of a new bullish wave.
