On-chain metrics for Cardano show a whale-sized surge in buying activity: Here's detailed insight cardano cardanoada ada cardanocommunity $ada
holders, indicating notable buying activity with a 123.6% increase compared to the previous day. However, data on outflows reveals that 90.4% of the incoming tokens originated from overflow among the wallets of large ADA holders. Nonetheless, the net flow value remains positive at 6.61 million ADA.
Such surges in activity from major investors often occur during periods of relative market calm. Presently, theThis prolonged accumulation phase might give the impression of little happening, but on-chain metrics reveal a certain level of buying activity.
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