Cardano Whales Move $6 Billion In One Day, Fuel For ADA Price To Reach $0.5?
Cardano (ADA) has rebounded nearly 4% in 24 hours after a bearish trend, recovering from a low of $0.33260. The price increase coincided with significant transaction volume from large holders, totaling 17.33 billion ADA, valued at approximately $6 billion. Whale transactions reached $24.18 billion over the past week, with substantial movements recorded on October 10 and 11. This uptick in activity aligns with ongoing developments in the Cardano ecosystem, including recent node upgrades and a reported 1,376 active projects. Despite negative sentiment among investors, ADA maintains a support level at $0.33, with on-chain metrics indicating potential for further price increases. Currently, ADA trades at $0.354, with targets set for breaking above $0.40 and aiming for $0.50.
