Cardano (ADA) is experiencing a heightened period of whale accumulation, suggesting the possibility of a bullish breakout in its value. Insights from Santiment reveal a notable increase in the number of whales, large holders possessing between 1 to 10 million ADA, which have now reached a total of 2,462 this month.
This pattern of accumulation by large-scale investors typically indicates increased confidence in the cryptocurrency ecosystem. Such whales are often considered sophisticated investors who accumulate assets for long-term advantages, rather than short-term speculative gains. Thus, their actions are seen as a positive indicator for Cardano’s future growth prospects.
Source : www.fxcryptonews.com ↗
