- The popular cryptocurrency Cardano (ADA) has seen a massive 15,000 increase in whale addresses since December. Details are in our news;
According to the latest Santiment data shared by a prominent crypto analyst, the number of Cardano addresses with balances between 10,000 and 1,000,000 ADA has increased by 15,000 percent since mid-December 2021.
“Everybody, everybody’s parents are getting Cardano!
Data from Santiment shows that the number of addresses with assets between 10,000 and 1,000,000 ADA has increased by 15000 since mid-December 2021.
Since then, about 3,900 wallets with 10,000 to 1,000,000 ADA have joined the network.”
Everybody and their mothers are buying #Cardano!
Data from @santimentfeed shows that the number of addresses with 10,000 to 1,000,000 $ADA skyrocketed by 15,000% since mid-December 2021.
Roughly 3,900 wallets with 10,000 to 1,000,000 #ISLAND have joined the network since then. pic.twitter.com/BVlHpUg7JI
— Ali Martinez (@ali_charts) February 1, 2022
Since then, as mentioned above, roughly 3,900 wallets have joined the network, representing an increase of 15,000 percent. As the Cardano network continues to reach significant milestones, the number of ADA wallets is approaching a critical threshold of three million.
Two more days……
And we hit 3,000,000 wallets.#Cardano $ADA @IOHK_Charles pic.twitter.com/YpIscEsZTy
— Pieter Nierop (@nierop_pieter) January 31, 2022
Mobility continues in Cardano!
According to a recently shared report, Cardano’s SundaeSwap DEX, the first of its kind to launch on Cardano, completed its first week of operations, registering $71.69 million (total value locked) and more than 300 active trading pools on the exchange.
Cardano’s parent company, IOHK, also states that some DApps, such as Milkomeda, are expected to launch in the coming weeks. Milkomeda is a layer-2 solution that aims to bring EVM (Ethereum Virtual Machine) capabilities to non-EVM blockchains. It can also launch new sidechains to support other smart contract languages.
Cardano price action
As previously reported by KoinFinans, on-chain data from Santiment indicated that the category of holders with balances between 10,000 and 1 million ADA is actively accumulating and highlighted the importance of the growth in the number of these addresses.
According to data from on-chain analytics firm, these investors have accumulated $53.6 million in tokens and more than doubled their holdings.
#Cardano found stable support!@intotheblock‘s IOMAP shows that 341,500 addresses had previously purchased 7.65 billion $ADA at an average price of $1.
Such a massive demand wall may have the strength to prevent #ISLAND from dipping lower. pic.twitter.com/htsYt6VaMw
— Ali Martinez (@ali_charts) February 1, 2022
Cardano price continues to trade sideways around the $1 level. According to data from IntoTheBlock, the $1 mark represents a significant support for the ADA price, as around 341,500 addresses previously purchased 7.65 billion ADA tokens near this level.
ADA, the 7th-ranked cryptocurrency at the time of writing, is trading at $1.07 per coin.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.