The latest Santiment data shows that large ADA purchases that took place in June may resume in August, while Cardano whales have made large purchases of ADA at the same time.
Analytical Company Santiment said that ADA purchases have increased recently and if this trend continues in August, the situation may get interesting.
Whales Chasing ADA
According to Analytical Company Santimen, Cardano’s token ADA, whose volume has reached $ 138 million, said that a few weeks after the price of the token fell, it began to be bought by addresses called whales and sharks.
The whales, who had accumulated ADA at the beginning of July, kept 10 thousand-100 thousand ADA in their wallets at that time. These wallets purchased a total of $79.1 million worth of ADA in one month.
Volatility Explained by Charles Hoskinson
Cardano founder Charles Hoskinson responded to a user who complained about the volatility experienced by ADA.
Hoskinson stated that the volatility in the crypto sector is extremely normal, reminding himself that he has no control over the crypto money sector.
Continuing his words as “crypto money markets rise and think”, Hoskinson argued that this user does not understand the crypto money industry.
17180
