Cardano Whales Have Added $37M Over Past 30 Days

Addresses of Cardano whales that carry between 10,000 and 100,000 ADA have added 79.1 million $ADA worth $37,894,397 to their aggregate bags over the past 30 days, according to data from crypto analytics platform Santiment. Additionally, addresses of Cardano whales, which hold between 100,000 and 10 million ADA, have stopped dumping their holdings. Santiment wrote in a tweet update, “As Cardano’s price performance has stayed particularly underwhelming in 2022, addresses holding 10k –100k $ADA are now accumulating. They’ve added 79.1m $ADA to their collective bags in 30 days. Meanwhile, 100k 10m whales have ceased their dumping.” 🐳 As #Cardano's price performance has stayed particularly underwhelming in 2022, addresses holding 10k – 100k $ADA are now accumulating. They've added 79.1m $ADA to their collective bags in 30 days. Meanwhile, 100k – 10m whales have ceased their dumping. https://t.co/ucHo0RjwfB pic.twitter.com/dqcdTj0uHN — Santiment (@santimentfeed) July 9, 2022 Upcoming Vasil Hard Fork Propels Whale Accumulation The number of Cardano transactions has spiked in the first week of July compared to the same period in June. The rising Cardano price responded immediately after the Vasil hard fork was successfully launched on the Cardano testnet. Reportedly, Input Output Global (IOG), the firm responsible for Cardano’s research and development, will be launching the long-awaited Vasil Hard Fork by the end of this month. Car...