On-chain data analyzed by crypto analyst Ali reveals a significant increase in large Cardano transactions.
Transactions over $100,000 in ADA have consistently hit new highs since August.
The spike in whale transactions aligns with Cardano’s recent strong price performance.
On-chain data analyzed by leading crypto analyst Ali shows a significant rise in large transactions on the Cardano blockchain over the past three months. This indicates growing institutional interest that could propel the eighth-largest cryptocurrency to new price heights.
#Cardano | In the last three months, there’s been a significant increase in $ADA transactions over $100,000, reaching new highs consistently.
This surge points to growing interest in #ADA from institutional players and whales, which is usually a precursor to price spikes. pic.twitter.com/APczM2PGxM
— Ali (@ali_charts) December 4, 2023
Citing transaction data, Ali noted ADA transfers over $100,000 have regularly reached new highs since August,
We współpracy z: https://thenewscrypto.com/cardano-whale-activity-surges-to-new-highs-signaling-further-price-gains-ahead/
