Report: Cardano whales keep buying… how much do these whales have?


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The IntoTheBlock analysis team tweeted about whales continuing to acquire and buy ADA in huge quantities.

Now their portfolio balances are at an all-time high.

Cardano’s whale stocks rise by 1.47 billion ADA:

In a recent tweet, IntoTheBlock shared that the amount of Cardano ADA coins held by wallets and addresses that already contain between 1 million and 10 million ADAs have shown a massive increase this year.

The supply of ADA held by these crypto addresses increased from 8.09 billion to 12.19 billion ADA.

Three days ago, on March 1, the ADA balance held by these wallets reached a historic high of 12.47 billion ADA.

While small investors acquired and bought 16 million ADA in the last 24 hours.

According to Santiment, wallets holding from 100,000 to 1 million ADAs acquired 16,000,000 ADAs in just 24 hours.

Small titles have recently added several ADA coins to their portfolios.

On February 23, Santiment reported that these portfolios with balances between 10,000 and 100,000 ADA have bought another 6% of ADA’s circulating supply over the previous five weeks.

Read also:

The European Union Clarifies It Will Not Ban Bitcoin And Other Mining-Based Cryptocurrencies

The US SEC targets NFT and sends subpoenas to many people and companies

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