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Whales Not Listening To The Drop In Price Have Invested Millions In This Altcoin!
On-chain analytics platform Santiment has found that despite a stagnant crypto market, strong investors are accumulating large amounts of Cardano (ADA).
Santiment says the number of wallets holding 100,000 or more ADA has risen to 25,294, an amount not seen since April 2022.
Santiment noted that this increase in 'whale and shark' wallets has come despite negative sentiment for Cardano, which has dropped nearly 35% since reaching its 2023 peak four months ago.
Cardano price is trading at $0.28, down 2.8% in the last 24 hours.
Santiment points out that other altcoin projects have also experienced unexpected volume increases.
Santiment also tracks GitHub development on blockchain projects and highlights how blockchain oracle network Chainlink (LINK) re-enters the top five.
Top 10 crypto assets by development activity: notable GitHub commits, last 30 days:
Polka dot DOT
Kusama Network KSM
Cardano ADA
Ivy HBAR
Chainlink LINK
Internet Computer ICP
Status SNT
AptosLabs APT
Vega Protocol VEGA
Cosmos ATOM
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