ADA All Set To Peak Over New Update After Testnet Hard Fork
On-chain analytics data reveals an interesting pattern around whale activity with Cardano’s ADA in the last one month or so. In the last 30 days, ADA price fell from a high of around $0.64 to $0.47 now. Meanwhile, big whales have also stopped selling ADA, in what could be a sign of price increase anticipation.
ADA Accumulation By Whales On The Rise
According to cryptocurrency on-chain and social metrics data provider Santiment, whale activity around ADA is on the rise. In the last 30 days, whales collectively added $79.1 million worth ADA to their bags, the data shows. Interestingly, this accumulation is found to have been done by addresses holding 10,000 to 100K ADA.
Also, whale addresses holding 100K to 10 million ADA have stopped the dumping in the recent times. This is particularly important as it indicates an anticipation of ADA price increase in short term.
ADA Whales Preparing For Vasil Hard Fork For Cardano Mainnet
Earlier this week, the Input-Output announced that the Vasil hard fork has been completed by the Cardano’s testnet. It was said that the community requested a four week period after the testnet hard fork. During the four week period, SPOs, developers and exchanges will be able to test it so as to trigger the hard fork for Cardano mainnet. This upgrade is much awaited by the community as it is said to enhance capability and performance of the Cardano network.
The Cardano (ADA) price drastically fell in the last three months, in tandem with the crypto market sentiment. However, on-chain analytics data shows ADA accumulation is on the upward trajectory in the recent times. ADA price however has been flat around the $0.47 level in the last one week.
As of writing, Cardano’s ADA price stands at $0.45, down 0.23% in the last 24 hours, according to CoinMarketCap. Over the last seven days, ADA price surged by as much as 7.83%. The cryptocurrency touched a 24 hour low of $0.46 while a 24 hour high of $0.48 was reached.
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- ‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications
- Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model
- Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
