Recent data indicates a remarkable surge in whale transactions on the Cardano 
$1 (ADA) network. Analyst Ali Martinez reported that over the last 24 hours, there have been 687 transactions worth more than $1 million. This movement suggests a growing interest from major investors in ADA.
Whales Accumulate 80 Million ADA
According to Martinez, whales purchased a total of 80 million ADA tokens in the past 48 hours. This accumulation amounts to a total value of $85.6 million. Such significant buying activity reaffirms confidence in ADA’s long-term potential, especially with the heightened interest from major investors indicating a possible price increase in the near future.
These market movements are reflected in ADA’s price as well. Over the last 24 hours, ADA rose by 3%, reaching $1.09. During this period, trading volume increased by 81%, hitting $1.66 billion, while ADA’s market capitalization recorded at $38.44 billion. Technical analysis also corroborates this rise, with the 4-hour MACD chart indicating increased buying pressure as the MACD line crosses above the signal line. The histogram bars turning green suggest a bullish market outlook.
Charles Hoskinson Shares Vision for 2025
Charles Hoskinson, the founder of Cardano, emphasized the importance of ADA as a community-driven ecosystem. He stated that by 2025, ADA will reach an unstoppable position. “We are very close to making our dream a reality,” said Hoskinson, highlighting the community budget and Cardano constitution as critical steps. He mentioned, “Reaching this point for Cardano has been the work of my life. We will achieve this goal by 2025.”
This vision captures the attention of the ADA community. The developing ecosystem and increasing whale activities present an encouraging outlook for ADA’s future. Analysts predict that the price may rise sequentially to $1.46, $1.76, and $2.04. However, if the price falls below $1, this positive outlook could be jeopardized.
ADA has appreciated by 45% over the past month, continuing to attract interest from investors in the Cardano network. Whale movements within Cardano have strengthened expectations for future price increases, positioning ADA as a cryptocurrency to watch closely.
