Cardano

Boost

Billion

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<a href="https://u.today/cardano-ada-makes-surprising-reversal-after-death-cross-formation" rel="noopener noreferrer nofollow">Cardano (ADA)</a>, the 10th largest cryptocurrency by market cap, has recently experienced a significant surge in large transaction volumes, with a staggering 21 billion ADA transacted.
This uptick in activity is triggering an anticipation of a major price boost for ADA, as investors and analysts closely monitor the developments within the Cardano ecosystem and the broader crypto market.
According to <a href="https://app.intotheblock.com/coin/ADA/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock </a>data, 21.34 billion ADA worth $10.11 billion accounted for Cardano's large transaction volume in the last 24 hours.&nbsp;
Large Transactions Volume gives an idea of the total amount transacted by whales, or large holders, and institutional players on a given day. Spikes in Large Transactions Volume point to high activity among whales or institutional players either buying or selling. Large transactions, in this context, refers to those greater than $100,000.
The large transaction volumes might indicate a growing interest from whales, who are likely accumulating ADA in anticipation of future price appreciation.&nbsp;
IntoTheBlock reported on May 15 that Cardano whales holding between 100 million and 1 billion ADA added 11% to their balances over the past month to increase their stakes to 6.7% of ADA's total supply. This significant accumulation of ADA can boost market confidence, which might contribute to positive price momentum in the long run.
<h2 id="ada-price-action">ADA price action</h2>
After four consecutive days of gains, <a href="https://u.today/cardano-skyrockets-90-in-volume-as-ada-price-makes-surprising-reversal" rel="noopener noreferrer nofollow">Cardano</a>'s native cryptocurrency, ADA, has encountered a wave of profit-taking. The digital asset, which has been riding a bullish wave, saw its upward trajectory momentarily stall as holders began to cash in on their recent profits.
At the time of writing, ADA was down 0.77% in the last 24 hours to $0.4665, down from highs of $0.491 reached on May 17.&nbsp;
In the short term, crypto market participants are keeping a keen eye on ADA's price movement. The cryptocurrency's ability to maintain its current support levels will be crucial in determining whether the recent price rally will continue or if a further correction is on the horizon.

Cardano: 21 Billion ADA Shifted in Anticipation of Major Price Boost

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