Cardano (ADA) whales, which refer to large holders of the cryptocurrency, are showing increased activity on the network, particularly through large transactions, according to crypto analysts.
This suggests that institutional players and whales are making moves on the Cardano network, indicating bullish sentiment and supporting the uptrend of ADA. Cardano’s ADA has been performing well in recent days, with positive price increases and the crossing of its moving averages, which is seen as a positive sign.
Additionally, there have been several positive developments in the Cardano ecosystem, including the launch of IOG’s lightweight wallet, Lace, and the upcoming launch of MELD’s wallet and bridge, which are expected to bring more traffic to Cardano.
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