Cardano's ADA Achieves a 2.5-Year Peak at 90 Cents with Whale Holdings Surpassing $12B
Cardano's ADA cryptocurrency reaches its highest price since May 2022 as large investors rally behind it.
Cardano's ADA Hits 90 Cents
Cardano's ADA has reached its highest price since May 2022, trading at 90 cents. This surge comes as on-chain activity indicates significant participation from large traders, signaling strong bullish momentum.
- ADA's Price Surge: The token has experienced a 10% increase in the last 24 hours.
- Market Reaction: The price has risen by 22% this week, contributing to the month-to-date gain of 152%.
- Cumulative Whale Holdings: According to reports from Tagus Capital, whales, or large crypto holders, now possess over $12 billion in ADA, emphasizing institutional interest.
Institutional Interest:
Data from IntoTheBlock supports this, revealing a 300% increase in large transactions involving ADA over the last two weeks. Tagus Capital interprets this as a sign of heightened interest from institutional investors. In a recent newsletter, they noted:
"Some of this momentum is sentiment-driven, as previously noted, with Cardano's founder, Charles Hoskinson, hinting at potential collaborations with the Trump administration for crypto-friendly policies."
This trend suggests that the ADA rally could have significant staying power.
