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ADA Goes Up As Whales Start Accumulating on The Dip

Sat, 06/04/2022 - 11:57
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Yuri Molchan
Cardano’s ADA went up 6 percent on the rise of whale transactions buying on the dip
ADA Goes Up As Whales Start Accumulating on The Dip
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Santiment on-chain data provider has drawn the attention of its followers to a surge in the amount of whale transactions on the Cardano blockchain.

In a recent tweet, the Santiment team of analysts shared that on Friday ADA got a bounce of nearly 6 percent, while the amount of large whale transfers started rising on Cardano chain.

Charles Hoskinson Trolls Critics, Saying ADA Transactions Have Dramatically Risen Due to “SpookyAlpha”

Santiment believes that these transactions were whales accumulating Cardano’s native coin on the dip, provoking the price rise.

Earlier this week, U.Today reported that a milestone was reached by Cardano when the amount of NFTs issued on this blockchain exceeded 5 million. Simultaneously, the price of ADA went up roughly 12 percent.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at