Cardano whales and sharks, large holders on the Cardano network, have been actively accumulating tokens, adding over $116 million worth of ADA since May 21. This accumulation comes at a time when the cryptocurrency’s price has been on a continuous downtrend, losing over 46.5% of its value in the past year. However, interest from Cardano whales and sharks coincides with a growing on-chain activity on the network, with transaction volume reaching new highs. The views expressed in the article are for informational purposes only and do not constitute financial advice.

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