Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA
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Cardano is at a significant milestone with the upcoming Chang hard fork, which follows a recent node validation software upgrade. As anticipation builds, ADA prices have risen due to increased whale activity. On-chain data shows 17 billion ADA tokens moved among large holders, signaling confidence in Cardano. This activity is tracked using metrics that highlight significant increases in inflows and net flows, indicating a strong accumulation phase by whales. The accumulation phase is largely driven by the upcoming Voltaire era of Cardano, which aims for full decentralization. Additionally, there are rumors of Cardano securing Spot ETFs, like Ethereum recently did.
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