$ADA

Since the beginning of this month, large holders of the cryptocurrency Cardano (ADA), known as whales, have continued to increase the amount of ADA in their wallets. According to sources, this action indicates a recovery of investor confidence in the future of the Cardano network.

Data from TapTools, a Cardano-specific analytics platform, reveals that whales have purchased over 420 million ADA tokens. When calculated based on the current price, it amounts to approximately US$ 289 million, or equivalent to Rp 4.6 trillion. As a result, the total ADA holdings by this group of large investors increased from 12.47 billion to 12.89 billion tokens in just a few weeks.

This increase is not without reason. Cardano has recently shown significant developments, particularly in terms of network capacity enhancements, system interoperability, and long-term efficiency. All of this has made large investors increasingly confident in adding to their investments.