ADA moves up as whales begin to gather on the dip


Yuri Molchan

Cardano’s ADA rose 6 percent on the surge in buying whale transactions on the d

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the views of U.Today. Every investment and all trading involves risk, so you should always do your own research before making any decisions. We do not recommend investing money that you cannot afford to lose.

Santiment on-chain data provider has drawn the attention of its followers to an increase in whale transactions on the Cardano blockchain.

In a recent tweet, the Santiment team of analysts shared that ADA saw a nearly 6 percent rise on Friday as the number of major whale transfers on Cardano chain began to climb.

Santiment believes these trades were whales collecting Cardano’s native currency on the dip, triggering the price spike.

Ads

Earlier this week, U.Today reported that Cardano reached a milestone when the number of NFTs issued on this blockchain crossed 5 million. At the same time, ADA’s price rose about 12 percent.

Image via Trading Display


Leave a Reply

Your email address will not be published.