The Cardano network is recording an influx of whale activity.
Developer activity on Cardano is reflecting a similar optimistic trend.
The price of ADA has yet to align with the whale and developer volume increases.
Cryptocurrency analytics firm Santiment has revealed a spike in high-volume transactions on Cardano (ADA), indicating some “major interest” from the whales on the network.
Source: Santiment
As per the graphic, Cardano whale transactions rocketed to 539 transactions above $100,000, as reported on February 20th. According to Santiment, there has been a five-day anomaly gap in data for Cardano. Still, the upward trajectory of the asset has been demanding a spotlight since February 2023 kicked off.
A notable increase in whale activity and high-volume transactions continues a bullish streak for the Cardano whales. A considerable sea of whales have been displaying a positive market sentiment, recently boosting the market capitalization of Cardano to flip Binance (BUSD) fo
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