Cardano's ADA has seen a significant price increase, breaking the $0.80 mark, propelled by substantial whale activity. The price reached $0.837, the highest level in 2024.
The large transaction volume has surged by 297% over two weeks, hitting $22.56 billion. This spike indicates heightened trading interest and activity among large investors or 'whales'.
Futures Open Interest for ADA has climbed to $735 million, its highest point since November 2021, showing boosted confidence and participation in the futures market.
Whale transactions themselves have increased by 145% over the past month, highlighting significant movements by substantial holders influencing price dynamics.
Additionally, Cardano's DeFi Total Value Locked (TVL) is nearing an all-time high of $490.7 million, reflecting growing investor interest in its DeFi ecosystem.
