Cardano (ADA) whales have been accumulating a significant number of tokens due to the growing DeFi activity on the network. These whales, holding between 100K-10M ADA, have reached their highest levels since September 2022 as the crypto-asset struggles to surpass $0.30. Additionally, Cardano’s on-chain transaction volume has been increasing consistently over the past six months. The article suggests that these whales are taking advantage of the price inaction to acquire more tokens.

AI Sentiment: Positive