Cardano ranks among the top 10 purchased assets for the 100 biggest BSC whales in the last 24 hours

Cardano (ADA) is one of the top 10 assets purchased in the recent 24 hours by the 100 largest BSC whales, according to WhaleStats. On-chain activity for Cardano has also grown, with a 400% spike in new Cardano wallet addresses since the FTX crisis.

JUST IN: $ADA @CardanoStiftung is back on top 10 purchased tokens among 100 biggest #BSC whales in the last 24hrs 🐳

We’ve also got $SOL, $DOGE, $CEEK, $vBUSD & $USDZ on the list 👀

Whale leaderboard: https://t.co/0SYnjwi8I0 #ADA #whalestats #babywhale #BBW pic.twitter.com/hja91sJ1xZ

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) November 14, 2022

Cardano Sees Sudden Interest from Whales, Here’s Why

In the middle of the FTX collapse, which some have called the industry’s worst crisis in years, Cardano has remained largely unaffected. Charles Hoskinson, the founder of Cardano, claims that the harm FTX causes would spread and significantly impact other cryptocurrency businesses. However, he expressed his happiness that Cardano had not been referenced in any way.

Dex Cardano Given recent developments in the economic environment of the blockchain, SundaeSwap has reassured its users. It claims that SundaeSwap as a company is still unaffected and well situated for the future expansion of Defi on Cardano.

According to a tweet from the company, Alameda Research invested in SundaeSwap Labs as a seed investor starting in September 2021. Alameda’s holdings might be sold due to the bankruptcy filing, but it won’t impact SundaeSwap Labs’ ability to keep running and expand. The financial viability of SundaeSwap is disclosed, and it is also stated that Alameda has no authority over the assets of the “Labs.” SundaeSwap Labs was unaffected by the FTX and Alameda liquidity problem because it is a U.S.-based business with no access to FTX.

Read more: