Cardano Sees $100K+ Whale Transactions Spike Amid Price Rally

Large Cardano (ADA) transactions exceeding $100,000 have reached their highest point in over three months, according to Santiment’s on-chain analytics. This spike coincides with ADA’s temporary price breakout to $1.13.

Increased Network Activity Signals Renewed Interest

Whale activity has increased significantly, leading to a decline in the average age of ADA tokens held in wallets. More tokens are returning to active circulation, indicating that previously dormant holdings are now moving.

This trend suggests heightened investor participation and greater liquidity in the market. Santiment data highlights that increased whale transactions often signal shifts in market sentiment. Historically, such movements precede higher volatility and potential price fluctuations. The recent rise in activity reflects renewed confidence among big holders and traders.

The announcement of a U.S. Strategic Crypto Reserve, which includes Cardano, has fueled optimism around ADA’s future. Traders quickly repositioned their holdings in response to this development, leading to speculation about the asset’s potential role in institutional adoption. Following this news, ADA’s price surged to $1.19, and whales accumulated nearly 200 million tokens within 24 hours.

Michael Saylor Weighs in on Cardano’s Inclusion

Adding to the excitement, MicroStrategy chairman Michael Saylor shared an unexpected perspective on Cardano’s inclusion in the U.S. Crypto Reserve. Known as a Bitcoin maximalist, Saylor acknowledged in a CNBC interview that adding ADA, alongside XRP, Ethereum, and Solana, benefits the entire crypto industry.

Cardano continues to show strong bullish momentum, currently trading at $0.9378 with a 24-hour trading volume of $4,377,653,365. Over the past 24 hours, the asset has surged by 16.23%, reflecting rising investor confidence.

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The increase in whale activity aligns with the growing speculation about ADA’s institutional adoption and broader market enthusiasm.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.