Santiment: Increased Whale Action Pushes ADA Up by 59% in 2023
Published in
Feb 8, 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.
