The movements of whales are more important than ever in these days when the cryptocurrency market is going through a turbulent period.
Bitcoin (BTC) from the leading altcoins as it is withdrawn to the level of $ 40,000 again cardanoof (ISLAND) It was seen that he received a similar blow. Despite this, it is noteworthy that Cardano whales are in an interesting activity.
ADA Whales Return to Their Old Places
One of the leading data analysis companies centiment According to the information conveyed by ADA price Even though it fell sharply from the 3 dollar peak, the whales started to return to the old days.
The share of whales holding more than 10 million ADA in total supply has reached its highest level in two years. Whales are currently in total supply. 46.6%‘ and they continue to receive more ADA.
Looking at the data in the hands of Santiment, it is seen that the whales have continued to purchase since February 2021. At that time, the ADA price was struggling to rise above $1 again.
Santiment stated that the wallets of the largest crypto money exchanges were also included in this research and stated that the whales were not alone.
Despite this, experts state that the largest ADA investment is made by whales, pointing out that the accident is boiling for Cardano.
Having important updates in the summer period Cardano (ADA) It is certainly an important signal for whales to make such purchases already. Ethereum also has an update in the same period and the market may rise again with two big news.