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Cardano (<a href="https://crypto.news/price/cardano/" data-type="link" data-id="https://crypto.news/price/cardano/" rel="noopener noreferrer nofollow">ADA</a>) whales boost activity, driving transactions up despite the price still under $0.28. 
Data from the market intelligence platform Santiment shows that Cardano (<a href="https://crypto.news/price/cardano/" rel="noopener noreferrer nofollow">ADA</a>) sharks and whales have been making notable moves while the price is still below $0.28. 
Per Santiment, ADA transactions worth at least $100,000 — including transactions worth at least $1 million — suddenly dropped on Aug. 14, falling to 1,685 trades in total.&nbsp; 
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 <img decoding="async" fetchpriority="high" src="https://crypto.news/app/uploads/2023/08/Cardano-ADA-13.05.31-16-Aug-2023.png" alt="Cardano price still in red despite sharks and whales actions - 1" class="wp-image-14185841" style="width: 100%;height:346px" width="1020" height="346"> 
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 ADA price, whale and shark transaction count – Aug. 16 | Source: <a href="https://app.santiment.net/charts/zQU7ANog__sCl" target="_blank" rel="noopener noreferrer nofollow">Santiment</a> 
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Over the past 24 hours, however, Cardano sharks and whales transactions gained traction again. According to the market intelligence platform, transactions of at least $100,000 worth of ADA rose to 1,843. Meanwhile, whale transactions — each worth at least $1 million — hiked from 108 to 109 over the past day. 
 You might also like: <a href="https://crypto.news/cardano-whales-amass-116m-as-on-chain-volume-soars/" rel="noopener noreferrer nofollow"> Cardano whales amass $116m as on-chain volume soars&nbsp; </a> 
Moreover, the movements come while addresses that have accumulated between 100,000 and 10 million ADA rose from 24,696 on July 16 to 24,883 at the time of writing.&nbsp; 
The number of whales with ADA holdings of 10 million and 100 million coins, per Santiment, also grew from 404 on July 16 to 410 at reporting time. 
A report on Aug. 8 states that Cardano sharks and whales have <a href="https://crypto.news/cardano-whales-amass-116m-as-on-chain-volume-soars/" rel="noopener noreferrer nofollow">accumulated</a> roughly $116 million worth of ADA over the past two months. This <a href="https://crypto.news/cardano-sees-16-month-high-accumulation/" rel="noopener noreferrer nofollow">resulted</a> in the asset’s accumulation reaching a 16-month high despite the current break market conditions. 
Furthermore, Cardano’s price has been downward since July 20, when it reached a local top of $0.33 with a 24-hour trading volume of over $500 million. 
Cardano is down by 3.7% in the past 24 hours and is trading at $0.279 at the time of writing. With the rise of shark and whale activity, ADA’s 24-hour trading volume witnessed a 63% rise, reaching $202 million with a total market capitalization of $9.77 billion. 
 Read more: <a href="https://crypto.news/cardanos-lead-developer-testing-mithril-set-for-mainnet-launch/" rel="noopener noreferrer nofollow"> Cardano’s lead developer testing Mithril, set for mainnet launch </a>

Cardano price still in red despite sharks and whales actions

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