Cardano's ADA Hits 2.5-Year High Amid Surge in Whale Holdings
News Brewery reports on the recent spike in Cardano's ADA price, reaching a 2.5-year high of 90 cents, with whale holdings surpassing $12 billion.
Cardano's ADA cryptocurrency has seen a remarkable surge, reaching a 2.5-year high of 90 cents, as reported by News Brewery. This spike comes alongside a significant increase in whale holdings, exceeding $12 billion in total.
The surge in ADA's price is attributed to on-chain activity indicating the involvement of large investors and institutions. This suggests that the current price momentum may have staying power, bolstered by the confidence of major players in the market.
With Cardano's ADA hitting such highs, investors are eagerly watching to see if the trend will continue and propel the cryptocurrency even further in the weeks to come.