Cardano's ADA Leaps to 2.5-Year High of 90 Cents as Whale Holdings Exceed $12B
Summary
Bitcoin approaches the $100,000 mark, prompting capital rotation into alternative cryptocurrencies. Cardano's ADA has surged 10% in 24 hours, reaching 90 cents, its highest since May 2022. ADA's price increased 22% this week and 152% this month, boosting its market cap to $30.85 billion, ranking it as the 10th-largest digital asset. The CoinDesk 20 Index rose 14% this week and 58% this month. Whales hold over $12 billion in ADA, with large transactions up 300% in two weeks, indicating institutional interest. Cardano's founder hints at potential collaborations for crypto-friendly policies.
