Whale transactions on Cardano network surge, boosting ADA. Growing Cardano ecosystem drives TVL growth and increased fees. Cardano [ADA] gained attention from whale investors as the number of transactions on the network increased, according to Santiment. This could have a positive impact on ADA’s prices. In the past, such transactions led to price surges. The […]
Besides the growing number of active developers, the TVL of Cardano also grew from $56 million to $107 million in the last month, according to DeFi Llama. This was a positive indicator of the growing demand for the network.
Overall, the growing number of whale transactions and increased activity in the Cardano ecosystem could have a positive impact on the future of ADA. However, it’s essential to be mindful of the potential risks that come with large transactions and to monitor the network closely to ensure that prices are not being manipulated.Subscribe to get it daily in your inbox.
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