Cardano whale activity shoots up significantly.
The networks sees over 137 transactions of over $1 million in the last 24 hours.
This whale activity indicates a major ADA price breakout on the horizon.
As expectations for altseason amps us with the price of ETH breaking past the $3,600 bullish price range and inching its way to the $4,000 price mark, several popular altcoins too are showing highly bullish pump signals on their price charts and outside. One such altcoin is Cardano (ADA). In the last 24 hours alone, Cardano whale activity shoots up as the Cardano network sees over 137 transactions of over $1 million in 24 hours.
Cardano Whale Activity Shoots Up
As the price of ETH inches back towards its previous ATH price of $4,800, expectations for altcoins to flourish soon in the long-awaited altseason peak phase grow stronger. To highlight, the price of Bitcoin (BTC) et a new ATH at $123,000 recently, fueling altcoins to pump alongside it. With ETH pushing past $3,000, the pioneer altcoin asset has begun to outperform BTC, as other altcoins pumped between 10%-30%.
The most bullish altcoins have been legacy altcoins, which had yet to begin pumping this bull cycle. While new altcoins like SUI, FET, and ONDO had already set new ATH this bull cycle, and are expected to set higher highs, legacy altcoins had yet to reclaim their previous ATH prices, let alone set newer, higher ATHs. Amongst the popular legacy altcoins are ADA, XRP, ETH, LTC, SHIB, DOGE, and many more.
So far, the legacy altcoins that pumped the most have been ADA and XRP. Thus, alongside Ripple’s XRP, Cardano’s ADA is also one of the most bullish altcoins for this bull cycle and the coming altseason peak phase. In particular, Cardano has been gaining more interest this bull cycle than any other, as it has finally reached its long-promised milestone of being a full, truly decentralized blockchain.
Recognized as the best blockchain in the crypto realm, Charles Hoskinson’s 10-year-long dream has been achieved. With the latest upgrades and future plans, Cardano is set to be the most flourishing ecosystem, with the most active and capable community. With all this success floating around the Cardano ecosystem, expectations for this success to reflect on the price of Cardano’s native token (ADA) to hit new ATH prices are strong.
Over 137 ADA Transactions of Over $1 Million
https://twitter.com/ali_charts/status/1946487171801841919
Already showing bullish signs for an epic ADA price rally is the amount of active participation for ADA holders in the Cardano blockchain. As the post above indicates, Cardano whale activity has skyrocketed. Specifically, it says that whale activity on the Cardano ADA network has surged this week, as over 137 transactions of over $1 million each were recorded in the last 24 hours. Could they be positioning themselves for a major ADA price breakout?
