ADA Goes Up As Whales Start Accumulating on The Dip


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Yuri Molchan

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Cardano’s ADA went up 6 percent on the rise of whale transactions buying on the d

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Santiment on-chain data provider has drawn the attention of its followers to a surge in the amount of whale transactions on the Cardano blockchain.

In a recent tweet, the Santiment team of analysts shared that on Friday ADA got a bounce of nearly 6 percent, while the amount of large whale transfers started rising on Cardano chain.

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Santiment believes that these transactions were whales accumulating Cardano’s native coin on the dip, provoking the price rise.

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Earlier this week, U.Today reported that a milestone was reached by Cardano when the amount of NFTs issued on this blockchain exceeded 5 million. Simultaneously, the price of ADA went up roughly 12 percent.

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Image via TradingView




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