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.
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