Cardano's ADA has achieved a significant milestone, reaching a 2.5-year high of 90 cents. This price increase is largely attributed to the activities of large investors, often referred to as whales, who are now holding more than $12 billion worth of ADA.
The involvement of these large-scale investors and institutions is highlighted through on-chain data analysis, suggesting that the recent price surge could be durable. This implies that ADA might continue to maintain its elevated value for the foreseeable future.
