ADA Accumulation Reaches Its Highest Level Since September 2022

Published 08/08/2023, 14:52
Updated 08/08/2023, 15:15
ADA Accumulation Reaches Its Highest Level Since September 2022
ADA/USD
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  • ADA is being accumulated in the millions by sharks and whales, according to Santiment.
  • Additionally, ADA’s on-chain transaction volume has been rising over the past 6 months.
  • From a technical perspective, ADA’s price had lost the support of the $0.3007 mark over the past week.

Cardano (ADA) whales holding 100K-10 million ADA have accumulated back to their highest level since September of 2022, according to a Twitter post shared earlier today by the on-chain analytics platform Santiment. These whales have accumulated $116.1 million more in ADA since 21 May 2023.

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