Cardano (ADA) sees a massive surge in whale addresses, jumping by over 28,000% in just one day.
Despite increased network transactions, bearish signals emerge in ADA’s derivatives market, with significant liquidations and dwindling interest.
Cardano (ADA) has experienced an astounding surge in large holder inflows, indicating a substantial increase in funds flowing into whale addresses. According to data from IntoTheBlock, there has been a remarkable 28,372% surge in large holder inflows for Cardano (ADA), skyrocketing from 54.93 million ADA on April 13 to 6.32 billion ADA on April 14.
The surge in large holder inflows for Cardano (ADA) signifies a potential uptick in buying activity. This surge often indicates whale addresses acquiring significant amounts of ADA on centralized exchanges and subsequently transferring these purchases to cold storage. Notably, spikes in large holder inflows can signal potential price bottoms, as whale addresses tend to make substantial purchases follo
