150 million $ADA have been grabbed by Cardano whales as ADA jumps 13% weekly. ali_charts intotheblock
In total, these whales have added approximately 150 million ADA tokens to their stashes over the past month. Their ADA holdings have now risen from 5.2 billion ADA to roughly 5.3 billion, according to the chart.
As reported by U.Today, roughly a week ago, a massive spike in transaction activity on the Cardano network was noticed. An astounding 204 billion of ADA tokens were transferred back then. A major reason for that could be an increase in the adoption of smart contracts on the largest proof-of-stake blockchain. While more and more projects are joining in and starting to build on Cardano, the demand for ADA tokens is going up significantly on a steady basis.
However, another reason for the transfer of the mentioned staggering ADA amount was investors locking in their profits after months of lukewarm ADA price performance.
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