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Santiment: Increased Whale Action Pushes ADA Up by 59% in 2023

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Santiment: Increased Whale Action Pushes ADA Up by 59% in 2023

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4 months ago
1 min read
Santiment: Increased Whale Action Pushes ADA Up by 59% in 2023
  • Cardano’s ADA has climbed by 59% since the beginning of January 2023.
  • ADA price rally is influenced by increased whale activity on the Cardano network.
  • Up to 36 new addresses with 1 million to 100 million ADA were added to the cardano network since the beginning of 2023.
Cardano has been up by 59% since the beginning of the year, with the number of wallets holding large amounts of ADA tokens increasing significantly. On-chain data from Santiment shows that the number of addresses containing between one million to one hundred million ADA tokens has risen by 36.

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