Cardano (ADA) Surges as Whale Activity Hits 3-Month High—What’s Next?
Cardano (ADA) is gaining momentum on exchanges, with a rise in network activity and price. Recently, U.S. President Donald Trump mentioned ADA among the assets for the U.S. Strategic Crypto Reserve, fueling investor interest.
Whale activity spiked on March 4, with over 1,100 large transactions and ADA briefly reaching $1.13. ADA has surged 45% in the past week, currently sitting at $0.9972. Futures market interest also rose by 6%, reaching $842 million.
Regulatory progress, such as the SEC's approval of Grayscale’s ADA-compliant ETF, could further drive growth. Cardano’s founder, Charles Hoskinson, continues to push for innovation, including plans for decentralized governance and the upcoming Plomin hard fork.
While analysts are cautious, Cardano’s network improvements and growing investor interest suggest promising potential.
