ADA Whales Gone Wild!

by

🚀🐳 ADA Whales Gone Wild! 🤯
ADA Whales Gone Wild!

Okay, okay, okay, let me tell you something! Cardano (ADA) is on fire, baby! 🚀 And it’s not just because Grayscale Investments filed for a spot ETF application. No, no, no! It’s because the big boys, the whales, are buying, buying, buying! 🐳

Cardano Whales Unleashed…and a Little Bit Crazy! 😂

According to Santiment, a top data service provider (yawn), ADA saw an 11% jump in market capitalization while most altcoins were like, “Oh no, I’m falling!” 🤦‍♂️ But seriously, folks, the actions of whales and sharks are worth watching on the network. I mean, who doesn’t love a good game of “Follow the Money”? 🤑

Since late November 2023, Santiment noted that wallets with over one million ADA have been on a buying streak. And we’re not talking about just any buying streak, folks! We’re talking about a 15-month streak! 🤯 These wallets have accumulated 1.41 billion ADA worth over $1.096 billion. That’s a lot of clams, if you know what I mean! 🐚

🐳📈 Cardano’s market cap has recovered by +11% on a day where most cryptocurrencies have retraced. One thing to continue watching is the continued behavior of whales and sharks.

Wallets holding at least 1M $ADA have been consistently accumulating since late November of 2023,…

— Santiment (@santimentfeed) February 11, 2025

And let’s talk about the impact on the coin’s price, shall we? 🤑 The Santiment data shows that amid the volatility of the past months, the ADA price has jumped by 107% since the whale accumulation began. That’s like me jumping for joy, but instead of joy, it’s money! 💸

More ADA Price Rally Ahead? 🤔

Now, I know what you’re thinking, “Mel, this all sounds too good to be true!” And you’re right, it’s not all rainbows and unicorns! 🌈🦄 The growth trend of Cardano is not completely bullish, and it faces some corrections along the way. But, folks, ADA whales have more reasons to stack the coin moving forward. 📈

Beyond the potential Grayscale and Tuttle Capital 2x Leveraged ETF products (yawn), Cardano also implemented the Plomin hard fork recently. And let me tell you, this hard fork is like a big ol’ hug for the community! 🤗 It ushered in community governance, the first of its kind in the broader crypto industry. 🤝

So, there you have it, folks! ADA has the right fundamentals to back up the whale accumulation, a trend that may fuel more price growth. And at the time of writing, ADA price was trading for $0.7731, down by 4.75%. But don’t worry, it’s still primed for growth, per analysts’ projections! 📊

Read More

2025-02-12 13:25