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Zycrypto

05/13/2025

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Cardano Whales On Buying Spree as ADA Emerges as One of the Top Gainers in Grayscale's Digital Large Cap Fund

Cardano continues to witness heightened on-chain activity after whales recently amassed 40 million ADA, worth a whopping $31.6 million. Source: Santiment This uptick in buying pressure has been instrumental...

Cardano Whales On Buying Spree as ADA Emerges as One of the Top Gainers in Grayscale's Digital Large Cap Fund

ADA Shows Strong Whale Activity Amid Cardano Becoming the Face of Argentina's First Legitimate Smart Contract

Cardano continues to witness heightened on-chain activity after whales recently amassed 40 million ADA, worth a whopping $31.6 million.

Source: Santiment

This uptick in buying pressure has been instrumental in accelerating Cardano’s price. According to CoinGecko data, the ninth-largest cryptocurrency based on market value has been 20% up in the past week to hit $0.7942 at the time of writing.

Nevertheless, Cardano is in a key resistance zone between $0.77 and $0.80, making its next move crucial. 

Source: TradingView

Cardano Steals the Show in Grayscale’s Top 10 Crypto Assets

According to a crypto proponent by the name Nala, “Cardano made it to the Grayscale Digital Large Cap Fund, officially. ADA is now ranked 4 in Grayscale’s Top 10 Crypto Assets by 1-Week Gains.”

Source: Grayscale

As an investment product by leading asset management firm Grayscale Investments, the Grayscale Digital Large Cap Fund (GDLC) enables investors to widen their scope to a diversified portfolio of large-cap cryptocurrencies.

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With Cardano coming fourth with a weekly gain of 8.6% after Ethereum, SUI, and Dogecoin on Grayscale’s Top 10 Crypto Assets, ADA’s exposure to institutional investors, such as wealth managers and hedge funds, continues to grow.

Therefore, this shows heightened institutional investors’ confidence in Cardano’s long-term utility and value.

Meanwhile, Cardano’s founder Charles Hoskinson believes that the altcoin will become the fastest cryptocurrency on the planet, thanks to the upcoming Ouroboros Leios upgrade.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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