Altcoin News

Cardano Whales Bullish On $ADA Over Upcoming Feature Launch?

Cardano whales with holdings 1 million to 10 million $ADA are filling their bags in recent times, leading to speculation over price rise.
Published by
Cardano Whales Bullish On $ADA Over Upcoming Feature Launch?

Cardano Crypto News: As the crypto market reaped benefits from the US regional bank crisis over last few weeks, several altcoins have been making progress. The Bitcoin price reached its highest level in around nine months, as the US economy continues to grapple with two major concerns – the banking crisis and rising inflation. Meanwhile, whales holding Cardano appear to be anticipating a price rise for $ADA in coming weeks. This comes after Bitcoin price saw a weekly jump by around 6%.

Also Read: Binance CEO CZ Calls For Unity In Crypto Industry Amid FUD Over Rumors

On chain data shows that the Cardano whales with holdings between 1 million to 10 million $ADA continued to fill their bags in recent times. These whales have added around 150 million $ADA over the month of March 2023, worth a total of $57 million. Historically, such a clear buying pattern from the big whales came with a price rise thereafter.

Advertisement

Milkomeda EVM Contracts Access To Cardano Users

The Cardano community is looking forward to the launch of a feature on Milkomeda, Cardano’s EVM layer. This feature will give Cardano users access to Ethereum Virtual Machine (EVM) smart contracts using ADA wallet. Sebastien Guillemot, cofounder of Milkomeda, claims that the feature addition will make Cardano a top EVM chain.

“Milkomeda (Cardano’s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet. All in pure ADA. This will instantly make Cardano one of the largest EVM chains by user count.”

Earlier, CoinGape reported that ADA price could face resistance level at $0.427 and $0.46 next.

Also Read: Bitcoin Correlation With Gold At Multi-Year High Surpassing US Equities

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH

Ethereum’s fundamentals continue to strengthen as major investors and analysts signal renewed confidence in the…

October 27, 2025
  • News

Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000

Bitcoin (BTC) has climbed above $113,000 as optimism grew ahead of President Donald Trump’s meeting…

October 26, 2025
  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025