- Cardano’s ADA token rides the whale wave, surging past $1.5 billion in large transactions.
- ADA’s price rocketed 76% in December, hitting a 17-month high of $0.677214, defying market caution and catching bullish momentum.
- Cardano’s DeFi ecosystem thrives with over $440 million locked, driven by projects like Indigo and Minswap, boosting ADA’s value.
Cardano’s ADA token has experienced a significant surge in whale transactions, exceeding $1.5 billion. This influx of large-scale investments, characterized by individual transactions valued at a minimum of $100,000, has elevated the total transaction volume to a remarkable $19.47 billion. The boost in these substantial transactions highlights major investors’ increasing interest in cryptocurrency.
ADA’s Price Rally
Cardano’s native token, ADA, has not only seen a surge in whale transactions but has also witnessed an impressive price rally. Recording an increase of over 76% since the start of December, ADA’s market performance has been notably bullish, contrasting with the broader market’s cautious stance ahead of crucial economic conditions.
Furthermore, ADA bulls managed to soar the price from an intraday …
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