Shiver! Whales Buy Cardano Crypto, Billions Of Coins

Cardano (ADA) was bought up by Whales causing the price soared. (Photo; Richard Sagredo-Unsplash)

JAKARTA – The analytical firm IntoTheBlock reports that the largest crypto owners or whales have bought up Cardano (ADA) crypto in large quantities. Currently, the crypto wallet addresses belonging to the whales have broken through to the highest point of all time.

IntoTheBlock publicly reported the data in a tweet. The analytics firm shared an increasing number of ADA coins held by the whales' digital wallets by 1 million to 10 million Cardano. This shows a rapid increase in 2022.

The supply of ADA held by these crypto addresses has jumped from 8.09 billion to 12.19 billion coins. Three days ago, on March 1st, the ADA balance held by this wallet hit a record high in the history of 12.47 billion ADA.

Accumulation continues.

The balance held by addresses with 1m-10m $ADA has grown exponentially in 2022, from 8.09b to 12.19b ADA 👀

On March 1 it reached a new ATH of 12.47b ADA held by these addresses.@Cardano data: https://t.co/8ME8STegu5

Use the code idbcardano to sign up pic.twitter.com/haJuPHObSm

— IntoTheBlock (@intotheblock) March 3, 2022

Reporting from U.Today, analytics company Santiment reports that a number of wallets holding from 100,000 to 1 million ADA have crossed 16,000,000 ADA in just twenty-four hours.

In addition, shark crypto holders have added to their ADA holdings. On February 23, Santiment shared the news that wallets with balances between 10,000 and 100,000 ADA had purchased another six percent of the circulating supply of ADA in the previous five weeks.