16.33 Billion Cardano (ADA) in 24 Hours, Are Bulls Back?

Table of Contents

Whales increasingly accumulating ADA

Potentials for ADA's recovery

Cover image via U.Today

Cardano (ADA) has witnessed increased activity in the last 24 hours, with large transactions skyrocketing to 16.33 billion tokens. Despite a tempered outlook in the market, this move raises speculations about the entrance of bulls that might change the game.

Whales increasingly accumulating ADA

Data from IntoTheBlock revealed large transactions for ADA soared to 3,580 in the past day. Typically, this suggests large wallet movement by whales or institutional investors, which could lead to bullish or bearish positioning.