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ADA up 65% In 2023 as Sharks and Whales Continue Accumulation

Published Feb 04, 2023 03:52AM ET Updated Feb 04, 2023 04:00AM ET
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ADA up 65% In 2023 as Sharks and Whales Continue Accumulation
 
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  • Santiment tweeted that ADA’s price is up 65% so far in 2023.
  • ADA sharks and whales now hold the most in their combined wallets since 8 November 2023.
  • In related news, ADA’s price has dropped slightly over the last 24 hours.

Santiment, the blockchain intelligence firm, tweeted today regarding Cardano’s price performance in 2023 so far. According to the tweet, the price of Cardano (ADA) has risen 65% in 2023. The intelligence firm attributes this impressive gain to the large amounts of accumulation of the altcoin by shark and whale addresses.

ADA whale accumulation (Source: Santiment)

The tweet added that ADA addresses holding between 100,000 to 100 million ADA now hold the most in their combined wallets since 8 November 2023. In addition to this, the tweet stated that the amount of $100k+ whale transactions have hit a 12-week high today.

ADA’s price is, however, down over the last 24 hours according to CoinMarketCap. At press time, ADA is trading at around $0.3999 following a 0.34% drop in price over the last 24 hours. Despite this, ADA’s weekly price performance remains in the green at +2.16%.

Daily chart for ADA/USDT (Source: CoinMarketCap…The post ADA up 65% In 2023 as Sharks and Whales Continue Accumulation appeared first on Coin Edition.

See original on CoinEdition

ADA up 65% In 2023 as Sharks and Whales Continue Accumulation
 

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