IntoTheBlock’s team of analysts found whales in large quantities Cardano (ADA) reported that it continues to purchase the token. The amount of ADA altcoins in the wallets of the whales in question rose to an all-time high.
Cardano Balance in Whales’ Wallets Rises to 12.47 Billion Coins
In his recent tweet, IntoTheBlock stated that between 1 million and 10 million ADA your altcoin announced that the amount of tokens owned by whales in their wallets has increased explodingly this year.
The amount of ADA tokens held by whales increased from 8.09 billion to 12.19 billion.
However, on March 1, the amount of Cardano held by these whale wallets skyrocketed to an all-time high of 12.47 billion coins, according to new data.
Small Investors Bought 16M ADA Altcoins In The Last 24 Hours
According to the report of analysis company Santiment, wallet addresses holding 100,000 to 1 million ADA have purchased a total of 16 million more ADA tokens in the last 24 hours.
However, smaller investors continue to add Cardano to their wallets lately. Santiment recently reported that investors holding 10,000 to 100,000 ADA tokens in their wallets have purchased an additional 6% of circulating ADA tokens in the past five weeks.
In addition, AdaSwap, the decentralized exchange of the ADA ecosystem, managed to receive support from many investors, including Hollywood star Gal Gadot, in its investment tour recently.
*Not investment advice.