Large Cardano Holders Gobble Up $138,000,000 Worth of ADA in Just Eight Days: Analytics Firm Santiment

New data from a prominent crypto analytics firm is revealing the extent to which Cardano whales and sharks have been feasting on ADA over an eight-day period.

According to Santiment, supersized Cardano holders have gobbled up hundreds of millions of dollars worth of the smart contract platform’s native asset in a little over a week.

“Cardano shark and whale addresses have accumulated a combined $138 million in ADA in eight days after the mid-June dump around the local price top. This is only a mild accumulation for now, but could get interesting if this trend continues throughout August.”

Source: Santiment/Twitter

The data also shows that addresses holding 10,000 to 10 million ADA have added a combined 0.46% of the Ethereum (ETH) challenger’s total supply from July 27th to August 5th.

Looking at Bitcoin, Santiment notes how social media mentions of two sarcastic keyword have marked the bottom for BTC this month.

“During the crypto slide in 2022, the crowd has been calling for moon and lambo in a sarcastic fashion whenever prices drop again. However, the true irony is that spikes in these words are actually often marking moments when BTC is about to rise.”

Source: Santiment/Twitter

The analytics company adds that privacy-focused altcoin Monero (XMR) is defying the crypto bear market by rallying over 40% since June.

“Monero has been an under the radar asset that has steadily been bouncing, up +41% since mid-June. There is a massive sentiment spike toward the 28th-ranked asset currently, which is the highest since May 2021.”

Source: Santiment/Twitter

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Quardia/Mingirov Yuriy/Sensvector

Leave a Reply

Your email address will not be published. Required fields are marked *

doctors x videos bustyporntube.info tamana hot photos animal free mp3 download tubepatrol.sex 4kpron xvideoskerala sexo-vids.com maa bete ki sexy momo bnha hentai hentairay.com eye hentai نيك في السجن pornucho.com نيك في الجيم mobilexshare fuckholetube.com xossip aunties beeg hd sex blackporntrends.com www.indiansex videos.com xnxx tamil college girls mybeegsex.mobi gandi blue film bp picture video mein newcooltube.mobi kashmiri hot girls xnxx sex vedioes erosexus.info beeg' mom forced xnxx indaporn.info pela peli مواقع سكس هندي bombaporno.com زب مراهق politician mms goratube.mobi gokak sex video كلاسيك سكس porno-izlerim.org لحس كس مثير tere bina jeena saza bigassporntrends.com desi xossip