Cardano Whale Transactions of $100K Spike to Multi-Month High Amid Price Boom

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Cardano (ADA) whale transactions have significantly increased, according to new data from blockchain analytics company Santiment on X. 

This coincides with the asset’s temporary breakout to $1.13. Whale transactions with a value of $100,000 or more hit their highest level in more than three months, according to Santiment’s on-chain analytics.

Moreover, the average age of ADA tokens in wallets has decreased as a result of the increase in large transactions. This suggests that more tokens are returning to active circulation.

Cardano ADA whale chart from Santiment

Whale Activity and Price Movements 

The rise in whale transactions points to increased network activity and a resurgence of big holders’ interest. According to Santiment, this trend coincides with a decline in the average age of ADA tokens, indicating that long-suppressed holdings are being tran**erred. 

Such actions have historically been connected to changes in market mood, which frequently precede times of increased volatility.

The recent announcement about establishing a U.S. Strategic Crypto Reserve, which includes Cardano, was a major catalyst that fueled optimi** around ADA. Traders repositioned their holdings in response to this revelation, fueling speculation about ADA’s involvement in wider institutional adoption.

Cardano’s price surged to $1.19 after its inclusion in the upcoming U.S. Crypto Reserve. The news also saw a massive whale accumulation, with nearly 200 million ADA tokens purchased within 24 hours. 

Saylor’s Surprising Endorsement of Cardano’s Inclusion

Adding to the growing excitement, MicroStrategy chairman Michael Saylor has taken a surprising stance on Cardano’s inclusion in the U.S. Strategic Crypto Reserve. In a recent CNBC interview, Saylor, a well-known Bitcoin maximalist, acknowledged that the addition of ADA—alongside XRP, Ethereum, and Solana—was a bullish move for the entire crypto industry.

Cardano Current Market Performance

Cardano (ADA) continues to show strong bullish momentum, currently trading at $0.9378 with a 24-hour trading volume of $4,377,653,365. The asset has surged by 16.23% in the past day, reflecting the renewed confidence among investors.

 This price increase aligns with the growing whale activity and the broader market excitement surrounding ADA’s potential institutional adoption.

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